RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:"No Value", without a Mill Fair enough. As we know that is not the case. When I look at delays I always think back to the ANX takeover which from what I recall cost MAE allot of money and slowed there ability to raise money and advance the project for the better part of a year. I also suspect this in someway contributed to there shuffling of management and moving to Toronto.
This has always been a bit of a long term investment, the only way for that to change would be some form of buyout or merger. I was on the fence about the ANX deal for my own reasons but the reality is that a sale could happen anytime and the only reason anaconda wanted to buy at that time is because they saw a massive up side. That has not changed. In fact the material value of the company assets has gone up while the enterprise value has gone down showing a major disconnect between the project resource value and the enterprise value. This has created a great buying opportunity for an informed investor.
Ultimately it is not like flipping a switch and takes years to evaluate and permit a project to make it production ready. They cannot and should not rush these decisions. A rush to production at the Phoenix project in Ontario ended in disaster for the involved shareholders.