GREY:NWMMF - Post by User
Post by
eduardo12on Aug 06, 2012 5:54pm
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Post# 20188299
Patience
Patience "I sure hope they there is a buyout soon"
"I hope we get a offer soon"
"I hope merger talks are going on"
" I want the buyout price to be $x so I can at least break even"
Stop wishing for a buyout until the reserves are expanded. Let them drill for the next few months..It is a pretty big drill prgram and will take time.. Higher the reserves, the greater the valuation..The current 5-yr minelife is pathetic and no other company would be serious in acquisition until it's in the range of 10-20 yrs. Q4 will indicate the direction of the company..
Reserves will probably be expanded in stages like Timmins did, not with the entire shabang released at once.