GREY:NWSKF - Post by User
Comment by
lowpickron Aug 02, 2012 9:48am
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Post# 20176564
RE: RE: RE: NES IN PLAY
RE: RE: RE: NES IN PLAY $20? Not anytime soon. If the company is allowed to keep drilling for a couple for years then maybe.
Let's say a buyer is confident that there is 5M oz that can be proved up. There are 120M shares
120M shares x $20 = 2.4 Billion
2.4B / 5Moz = $480/oz
Nobody is going to pay that sort of premium, especially with so many bargains going out there these days. Given that the initial resource will be in 3Moz area likely, much of that in the inferred category, there is no chance of a $20 bid anytime soon.