RE: Opinion on MOACG, I agree my valuation at $70 per OZ is very low, but even with such conservative numbers my argument is that the SP could be around $1.50 by the end of Q4. There should definitely be a premium on the SP because of the experienced management team from Marathon who are operating at VL and the other two excellent prospects. I think a fair value price would be around $200 per OZ, but I will be happy to take my profits at $450.
We lost the premium with the one or two motivated sellers over the past 6 months. I speculate that one of the sellers was New Island. They had 1 million shares that they were not able to sell until February 21 and it was at this point that the stock really started going down. They may not care that they were selling at a discount if they used the cash to pay themselves through salary. With salary they would get 100% of the discounted price rather than own 5-10% of a higher SP at a later date. Just speculation.
I also think that the weakness in SP is being exploited and there is some predatory buying and selling happening. It doesn't have to be a company trying to take over MOA or an investment house trying to make a quick profit (both these scenarios would have legal implications). I do think junior resource stocks on the TSX are a bit of a blood sport and there are investors with significant resources that will target a small but valuable company like MOA.
Cdn308, I agree the antimony is really interesting. The market gives it little or no value, but is a minor metal with all the supply demand characteristics of a rare earth metal. I have searched for months to find an opinion that states that the high price will result in oversupply of antimony, but I only read that antimony will be in continued short supply and there is no good substitute. Little River is a complete wild card, in the next 12 months the market could value it at zero or $200,000,000.
WW.