Let's keep it real... The Newstrike story is a great one and certainly the current market for junior golds has been brutal, but then most corrections are. HOWEVER, even if the markets return to normal, whatever that means anways, let's look at numbers.
120,566,458 fully diluted float
$5.00 buyout = $602M
$10.00 buyout = $1.2B
IF, and big IF, we are lucky we'll see $4-$5 MAX. Love the story but this talk of $10.00 is just not going to ever happen, still, fantasic upside to those who wait.
Lukas Lundin is underwater big time, so his shares 1.80 are hurting, 5.00 would be wonderful to realize.