RE:RE:RE:Not expensive. Its that simple:
If American West is valued CAD 115 mn right now and that's for 80% of Storm then 20% are about CAD 29 mn. The market cap of BAY is about 45 mn assuming that the warrants are exercised. And I am quite sure that a private placement will come very soon with a small dilution.
And I think that the share rose to fast and profits will be taken by many shareholders.
But dont get me wrong. I like the project and I like BAY as well as American West. At the moment I would prefer American West as it is cheaper (in my opinion)