RE:Undervalued By Current Market StandardsThx for the math. I agree.
The fact that the properties are near several other mines in proximity to SWA (lower cost to bring ito production) and that there is unexplored land would argue for pehaps an even a higher take-out price per oz/sh.
It seems that the majors and quasi majors, are still being cautious about taking on new projects, in favour of reducing their debt, or building cash reserves, and or increasing dividends to attract new investors.
As gold continues to rise, and the cash coffers fill up, I think this changes, making an acquisition of SWA inevitable.
I was patient on Cardinal and Savary and they finally happend.
Waiting on ORE, Hummingbird and SWA.
MM