RE:RE:RE:RE:RE:Newmont closes Newcrest...I have previously stated I have given up on my $6USD prediction.
As Clark has also previously stated, I'm sure the RIo guys laughed at Paul and his comment that the cheapest they could get WRN for was way back when they became engaged. That has been proven wrong in my opinon...as we are trading well below their initial buy in price as of today!
How much did Newmont pay for Newcrest total CopperEq ? I believe $0.17 a lb.
We are trading at $0.01 a lb...but with capex it would be more like $0.13 a lb.
Newcrest has producing assets.
WRN does not.
I think you are just grossly overestimating Casino value....when majors can acquire producing assets at such a disount. Feel free to challenge my math and let me know where i'm off.