RE: RE: UMJ takeover I should add, if NKL ONLY gets back to the $4.25 it was trading at in February, when people were expecting the PEA to be released, UMJ shares would be worth 17 cents with the 25:1 conversion ratio.
After the last two analysts came out with targets well north of twice what NKL is trading for today, and NPV estimates over a billion dollars, I'd personally consider it laughable if NKL didn't surpass the $4.25 it was at just weeks before.
17/10.5 = a 62% gain. Not bad in my books at all. Especially if it happens in the next week or so.