Safeharbour re your questionsI believe the answers are yes to selling FDN and continuing exploring to the west. I also beleive that there will be an offer once the 43-101 is out. And this is where it gets interesting for me and this is why I love this story and this board.
So many on this board talk about and hope for imminent buyout scenarios. But I wonder is this the best scenario for shareholder value. If the offer is for just FDN then great. If the offer is for all of ARU then I for one am dissapointed. We all realize the vast potential here. We know that FDN has somewhere in around 16mill ozs. El Tigre has potential but probably not near the FDN amount. We also know and to me this is the key, Anderson has stated that ARU could be drilling the property for the next 15 years. If this is correct could we not be potentially giving away the "farm" here?
For arguments sake lets just say that FDN is and will prove to be the only massive finding on the property. Lets just say that only a third or even a quarter of the other targets end up with proven resources. With an almost guranteed rise in both gold and silver prices in the comming years ARU value now in a buyout scenario will be definitly undervalued. But lets look at this a wee bit more optimistically ( which I always tend to do)Lets say that there is another FDN out there. Lets say that half or more of the remaining target have proven resources. What is ARU worth now? What would ARU be worth in 3 5 10 years? A buyout price now in this scenario would be nothing short of theft. It also opens the door in my opinion to a hostile takeover which I"m not sure has been discussed here. What would the ramifications of that scenario be?
When I first bought ARU in Mar. I was thinking double. Talk re 300 clubs I thought were way over the top. However the more I understand the story the more I can appreciate where some of you real long time holders are coming from. Any buyout offer now for ARU will surely be undervalued given its massive potential.
This story is just to fascinating and I for one am not ready to sell yet. For now and for what its worth I for one will be very happy with a FDN buyout. That will have a huge impact on our share price and at the same time gear us up for EL Tigre results/potential and all the other exciting possibilities as the share price continues to climb.
Heres to some exciting times ahead. It will be interesting.
Regards
Brieguy