RE:RE:RE:RE:RE:RE:RE:My two centsHeywood_Silvers wrote: OK, next we are back to the give and take on what % of NPV should be used. Even Sooner, the most conservative amongst us is keen to a 30 - 40% of NPV. So, one could then claim that the buyout is expected to be about $1 billion or $7 USD per share. I would retort that the the 50% figure already comes into play when only half of the mine life is given credit in the NP calculation's cash flows. Seriously, a suitor can't have it both ways: you don't get 50% of an NPV that is calcuated using only 50% of the mine life!!
Until there is obvious competitive tension for Casino and .... *checks 6 month chart*...there isn't, Rio can have it anyway it wants. They have all the time on earth right now. We have time, dilution, commodities, and permitting risk right now, today.
I said yesterday, I think we're asking for a high percentage of the headline, aftertax NPV, and for Rio to feel comfortable with that number, they're doing the fieldwork & studies currently underway. Go back two Crux interviews ago (the infamous $1b one). Paul mentioned some form of 2nd transaction wherein, if Rio agrees to Phase I, we (WRN), would "throw in the rest of the deposit."
I could be mistaken, but does that not sound like we're asking around $1.5bUSD, $1.9b CAD? Anyone with any other takes?