NPVWith updated numbers should be $3B usd I believe.
currently trading at 6% market cap to NPV. Please Show me any others similar to WRN trading below that.
more importantly....typical acquisitions should be 30-50% of NPV....or 5-8 times current price.
I know management wants to get shovel ready....but they cannot take another 10 years to find the right shovel! Maybe we would be better off selling to Newmont at $2/share and let Newmont drive value from casino for us!!!