RE:GSVIf majors are smart they're looking at offers right now and deciding what theyre willing to pay and in talks with the company. The later on we get acquired the better and I can see $7-$10 possible next year but at this point if we see an offer before the fall it will likely be in the $4 - $5 range and no major is going to pay over $1 billion for this project in this stage. It absolutely can't be justified. If we continue to see drill results like this going into next year, a $5 + target becomes much more likely but GSV can do nothing about takeover offers as they don't hold enough shares.
There are gold producers currently with sub $2 billion dollar market caps, GSV is not worth $2 billion dollars or $10 a share at their current stage, give them a year and we'll see.
Unfortunately I don't think majors are going to give them the chance to prove up any more results and I could see a takeover happening before the end of September. In that case it will be hard to justify a bidding war by other majors as they can't pay much more than $1 billion for the current resource and the first company to make an offer will likely take it.