RE: RE: BFS released- After tax NPV of $1.83B I think looking for a pop may be missing the point with WRN. A lot of people will look at the amount they need to raise to put it into production and say it will be too much dilution and will never happen.
It probably won't...at least not with WRN.
I think a more likely scenario will be one of the big boys come around the corner and scoop it up. There has been enough posturing over the NSR the past year.
Lets face it, if you had the ability to fund it to production and it would make you $1.7 billion in profit then how much of that $1.7 billion would you pay to acquire it. $150 million seems cheap!
Maybe it gets sold for what it is trading at today or maybe like most acquisitions you see a big bump. Hard to say what it's worth to the investors in the market but I'd bet some company will find a billion plus dollar profit a little hard to resist. I think it just needs to sink in a bit.
Yukon companies like WRN and NFR have had it tough because so many people lost there shirts on Yukon promotions but I think companies like these that have big big deposits will get eventually get taken out.