RE: DNT's valuationThat is the bottom line. Great post.
Nothing has changed. This project will still move ahead and the FMV is still between $2.52 and $3.36 per share (3 to 4 cents per pound). Although the grades are average, the low cost option of the open pit mine may demand this project be worth closer to 4 cents per pound. Plus the resource is in Peru, a mining friendly country.
Takeovers scenarios can now begin to move ahead with real numbers. Probably in the range of $240 million?
The people who are selling today are mostly day traders who were going to sell regardless of the size of the resource estimate.
Congrats to all those who are buying today...you are true investors.
Conference Call tomorrow will answer all questions.