RE:RE:RE:RE:RE:Cynthia’s post on LinkedIn today Thank you goldenl - and anyone and everyone who is producing math on this business - I love all of it!! I don't have any math of my own to share but I believe LME will sell based solely on two things - how much gold is there and how expensive it is to get - not on revenue - not on their ability to produce. They are a junior exploration company that will sell to someone or something that will keep the exploration work going and in time sell to a senior.
I think they are taking a broader view of how to demonstrate the presence of gold and other minerals on their property than just drilling - even though they have been and I'm sure will continue to drill. Only they know how much they actually have - along with anyone who can get into their data room - and until a deal is done - and likely even after - I have no doubt that they will continue doing the surveying, clearing, channel sampling, drilling and whatever else these crazy geologists do to find what they are looking for!
okay I do have some math:
Assume 10 million GEOs at $250/GEO and you get $10/share - if I have my math right.
Is $250/GEO reasonable for an open pit mine with roads and power and water already there? I don't know. Anyone?