RE:RE:RE:There is a great deal of incorrect information"What would be the 'open market' or behind the scenes takeout price the big boys would agree to? $1.25? $1.50?"
You could make an estimate based upon what the industry is paying for reserves but that is dependent upon the price of copper at the time, of which we have no idea.
What is more interesting to me is why do you ask? Actually, there is a great deal of angst among shareholding board members. I cannot stress too much the importance of continuing due diligence to the point of CONVICTION. I am and was convinced 8 years ago that PH would be mined. I am and was convinced that the OP would be built. IT WAS ONLY A MATTER OF TIME.
The reason that conviction is so damned important is because it seems all miners experience setbacks at some point of development, from the facility itself or news the metal markets. Those who can ignore these normal ups and downs can then focus on examining other opportunities like silver instead of retreading the same financial reports over and over again.
I don’t know or understand the financial gymnastics Pala employed to keep this project afloat, but this I do know – my choice is to sell, buy, or hold, and I know I must do one or the other and then shift my attention back to hydrophobia soils or some other research subject that assists my DD.
b.