New Position taken at $2.74 at openIs up over 10% already, for those who weren't in this was last chance to add shares.
Hope everyone is locked and loaded and sitting tight, we're in for a wild ride.
With a 40% premium on most takeovers in mining friendly jurisdictions, $3.50 will no longer be enough for a takeout offer and $4.00 - $5.00 will be the new level for any buy-out offers.
OGC and Goldcorp would be best served to be preparing their offers this week before this moves any higher and costs them more to take over.
These current drill results remind me of RVC - Richfield Ventures in 2011 which was taken out by New Gold for $550 million dollars. The results are also very reminiscent of Newstrike Capital (NES) which was taken out by Timmins Gold.
Both NES and RVC were low to mid-grade bulk tonnage projects which suddenly started showing high-grade long intervals and were taken out within 6 months of the high grade showing up.
GSV was a low grade bulk tonnage play in Nevada and with the new high grade this project has completed transformed overnight into a potential high-grade feeder system to make the project payback much better and the AISC much lower.
Congrats to all longs!