TSXV:NORA.H - Post by User
Comment by
tast22on Mar 05, 2012 11:31am
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Post# 19627074
RE: 180 million ounces Ag! NO PRESENT To PAA
RE: 180 million ounces Ag! NO PRESENT To PAA Bluesea- As a basis for comparison consider another silver/copper company with a producing profitable mine with 97.6 million ounces of silver reserves and 583.1 pounds of copper reserves in the USA. In addition they have an adjacent property with a historical and inferred resource of 229 ounces silver and 2.0 billion pounds of copper. This property is presently going thru a complex permitting process but all signs indicate that issues will be resolved by the end of 2012. This stock is trading about $4.35.
Is Orko worth more in a buyout than this stock is at present? Look at the numbers. Look at the potential. This is a producing mine with far more potential. That is why I question $6-$7 buyout of Orko.
I realize so many other factors are involved in determining a company's value but this is merely an example of the value plays that are out there and comparatively Orko is, in the near term, a reasonable $4.00 buyout in my opinion.