Raymond James $5.25 DNT NAVDNT looks primed to be worth $700,000,000 not including the Canariaco Sur or Verde based on RJ report Nov8/11
The NAV (net asset value) for DNT is $5.25/share.
Given these numbers and extrapolating from my previous comparison of Nevada, DNT and Lumina it looks like
DNT price per pound should conceivably come in around the 6.5-7.5 cents/lb/cu range.
Current Weighted Avg. lbs/cu buy out price based on recent acquistions in the industry 7 cents lb
DNT currently trading around the 1 to 1.3 cent a pound
Now doesn't that say something? I can imagine when they add a few more billion pounds of copper.
DNT should be free and clear to an easy $4.00 a share (based on conservative estimates).
This is a winner!
GMC