TSXV:CAV.H - Post by User
Comment by
Micky1212on Jun 02, 2015 4:56am
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Post# 23787607
RE:RE:RE:RE:RE:RE:This Brd awfully quiet lately
RE:RE:RE:RE:RE:RE:This Brd awfully quiet lately
The question here is the value from the project.
How high will it be?
I think there is a lot of room for speculations. Real is they have spended 2 Billions in this project. And it is a new project. Cost overruns and problems in a project of this size are absolutely normal. The problem was that now alot of this problems must be paid by the shareholders from baj.v. The Koreans got for this part of the problems and for their money the 90%.
So, how high is the value from this project when it is running. Even when I subtract 25% for problems (but you have always problems in each project) the real value would be 1.5 Billion. 5% of it would be 75 Mio divided by 340 Mio shares = 0.22 CAD/share. Also much more than our actual share price. But this is only appreciated. Nobody can actual say how much the real value of this project is and so we all can only hope that we will get our fair part. But we shall see.
Cheers
GLTA