RE: Look at it this way...Agree 100%.
for short term day traders .....its time to go away...
This company has 3 great resources...and 40% and 120M in cash is not a bad thing for a company with a market cap under 100M.
We may even move up from here once people see that the 120M will allow this company to start printing money in 2012.
Becoming a producer will increase the valuation for sure....and Vanadium is hot....
There are lots of vanadium finds...but not many at all that are in building mine mode like this one now is.
We are now firmly ahead of the pack of explorers/discoveries...and are now in development mode.
all good...just not as much of a cash cow as a lower deal would be.....and I agree that quite frankly given stock price etc....this is s solid deal.
I for one am in till at least they announce production....should be 60-70 cents by then easy....not mentioining finds in thier gold property