RE: EAS's Real ValueHello, The valuation of $100 to $150 is probably to high, In fact lets look at what is happing with CPQ for direction. The most current offer anounced (28 Dec) values CPQ 3.44mil oz at approx $77.00 per ounce. And remember this is a bidding war and they arn't even at $100 and IMO not likely to get to $100 (all US$ not C$)
Using $77/oz as a ball park figure assuming that EAS has 5 mil oz hte stock would be valued at $5.68. Currently the stock price is assuming a 4 mil oz deposit.
For a stock with no M&I its probably a bit ahead of itself. Having said that it does look like they have something special so the current stock price is probably warrented.
Good luck to all. Long EAS with 25,000 shares
nonrev