RE: RE: RE: RE: RE: newmont mining the most ideal i dont know what they might offer....but 10.25 is a start...when redback was taken out for 30 $ a share....it was in a similar situation as semafo...with a deposit yet to be defined...who knows how many ounces it has....but semafo's mana project has already reached 10 million ounces..and we havent even scratched the surface yet...red back got a 7 billion offer...semafo currently is trading for less then 2 billion...i am not saying that its worth 7 billion but last year it had reached 14 $ a share...and thats my full valuation on this....thats around 5 billion or so...and we had 30 % less ounces that time. and gold price was less then 1300 $ ...
right now we got more ounces, more being found everyday and gold is trading at 1700 $ an ounce...production is stable at 250k ounces and going up by 120k by 2014.. just by doing a simple calculation ,semafo's valuation is easily 12 $ a share...burkina faso doesnt have much risk...iamgold has also got a similar project going there and wont be suprised to see some intrest from them...but newmont is the most likely suitor for this...
points to note that this company has 0 debt....220 million cash... almost 10 million ounces in mana + additional in samira...and is cash flow positive...exploration is being done on cash generation...this is very positive for this company...this company has always delivered any my belif is they will continue to do so...
todays share price only reflects programmed trading + shorting and is undervalued by 50 % or so...
you can check my other pics, talon metals...which has doubled in the last week...