Raymond JamesHere's a few little tid-bits of info to think about:
Raymond James gives a NAV to SWG of approx. $ 1.5 billion cdn.
Peter Grandich thinks ARU is only worth $ 320 million cdn.
ARU is clearly superior to SWG (no offense to share-holders of SWG).
If Raymond James calculated a NAV for ARU, it most certainly would be greater than what they give to SWG, correct?
But for the sake of argument, let's say that ARU and SWG are worth about the same. (I know it's probably impossible to give a NAV to ARU at this point, due to insufficient data)
So, Grandich, basically thinks that ARU is worth only maybe 20% of what Raymond James thinks SWG is worth.
How he comes out with such a statement is beyond me. He basically thinks ARU is worth only about 60% of what Virginia Mines was bought out for.
How can he say that for a gold company that comes out with results like 189 metres @ 24 grams/ton gold? or 255 metres @ 12.55 g/t gold?
I am just a small-time investor...so maybe I'm way off here.