RE: RE: RE: our meager paper gains of .10 eroded
Could be. If there are companies seriously considering an offer for the Eau Claire property they probably have already done their own internal estimate of the deposit and have some idea what they feel would be a reasonable offer. The 43-101 would presumably then serve as a double check on their calculation, if it matches what their internal estimates came up with then they will figure OK the corroboration is there so let's go for it.
So, I could imagine someone making an offer for Eau Claire not long after the 43-101 comes out.
If not, then ER investors probably need to figure last 43-101 was 2005, this one 2010, next one 2015?
So how long term of an investor does one feel like being? I'm not sure I'd rule out hanging onto ER stock for another 5 years, if I don't think there's any compelling alternative as far as where to park those funds.
I do get the sense that ER feels the deposit is now reaching a sufficient level of maturity that it is time to sell it off.