RE: RE: re: takeoverBJ the $250/OZ I referenced is what I believe the "current in the ground value" should be, not the back end profit.
I am thinking VL will be a relatively cheap mine to operate and have a relatively low Capital requirement. At $1500 gold, the back end profit per OZ could run upwards of $850/OZ for MOA/MOZ. With this much profit potential, someone else buying the deposit today at $250/OZ would be a no brainer, however to prove up this potential a Preliminary Economic Assessment(PEA) needs to be completed and MOZ has said this study is already planned. Marathon did the same thing in Ontario for their PGM property before it was sold to Stillwater(about $160MM I think it was plus still left the remaining part with it's then shareholders which became MOZ). As the OZ in the ground increase, the overall value and thus any future Purchase Price will also increase. To date only the OZ at LPond are being considered. The drilling plan for the summer will very likely add more OZ's here and could well turn up several other resource areas(these already have drilling planned) that can be added to the totals. As a result, fair and reasonable pricing should return as this story gets discovered.
C.Gert