RE: 21 months ago >> the total cost was between $15 Million and $20 Million. Here we are, 21 months later, anticipating a Preliminary Economic Assessment that should show a NPV in Billions, and we are arguing about whether to sell it for somewhere between $1 Billion and $5 Billion
One has to ask, did John and Team get lucky or are they that good. My guess is both. As Thomas Jefferson said, "I'm a big believer in luck, and I find that the harder I work, the more of it I have."
What does that mean for us? I think it means that every investment/initiative will not be a stellar success, but this team gives us more chances at success than others. I hope they know something about Ursa that the market does not. $12M (in ~$4 shares) seems like a small price to pay to move from a Jr. Explorer to a Jr. Producer.