RE: Lesson to be learnt here-94 cents buyout.
This is the 2nd scenario. Most shareholders getting screwd.
Remember, this company had a feasability study where they thought they could get 50 mil. lb/year of copper at 47 cents per pound for 7+ years. Let's say they screwd up the calculation by 100%. That still leaves over $2/lb profit. Between $700-900+ milion profit over 7 years.......227 mil. diluted shares....$3-5 per share.