RE: Spot = $53Excellent analysis, though too CONSERVATIVE imho....
Regardless,I'm sure all of us here realize the irrationality of these price levels... Personally, I wouldn't tender my shares even at $5.00... lets not forget they ALSO have some exploration/JV projects as well.... what are those worth? Another NEGATIVE $.50 a share?!?!?!??
Man oh MAN do I wish I had ANY more cash to invest....
Just a side note:
"The only justification for the stock being at sub-cash is that the investors believe the Permit will not be issued (for Soldiers field)"
I think you meant Lost Creek - Lost Solider is expected to come online more around 2012.