RE: RE: Numbers for today's drill results "Back River alone is worth the current marketcap..."
In my opinion that's a pretty defensible assertion.
And don't forget that Back River was bought for what, something like 20% of the post-buyout Sabina, in other words, Hackett River is considered to be worth about 4x what Back River is.
So, conservatively speaking, Back River worth about 250 mil, Hackett about 1 bil, total about 1.25 bil.
A good case could be made that this stock should be selling at about $10 per share.
But people called me delusional for claiming the stock should be worth at least $3-4, so I guess it's time to schedule me a visit with the shrink.