RE:RE:RE:POTENTIAL - DO THE MATH Yes, ES has done very well, and yes, you are talking about his personal rules for evaluating opportunities for his own account. Good points there, but I'm not sure I understand your meaning because there are three approaches to estimating the full market value of almost anything tangible. Do you know what these are and how to use them, and that all three are and should be used at the same time with the differences reconciled to form a final opinion of value?
In regards to what I said, I am talking about professional standards of practice in the valuation/appraisal business. It's called estimating "market" value which makes an assumption about what a willing buyer and willing seller will settle upon, together with other facets of market analysis - income being one. It's a process often used when one company wants to take over another - fractional interests such as what you may be thinking of are another matter entirely.
Meanwhile, what more might you know about how ES "values" Novo or any other mining opportunity, especially fractional interests?
VP