GREY:ESOFD - Post by User
Comment by
patientriskyinvestoron Aug 27, 2013 8:14pm
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Post# 21702228
RE:RE:RE:PLS v Wheeler River and DML
RE:RE:RE:PLS v Wheeler River and DML
Actually, although I don't trust Dev either, what he said is true. To paraphrase, he said ave. grades in rest of world were .1% and .2% in Athabasca, NOT in PLS. He can't say what ave. grades are at PLS b/c he has no 43-101.
By the way good post, as always ChattyC. I just hope that we end up with AMW team in charge. If they adjust their bid, great, but honestly see no reason to distract management at this time with a merger or takeover. I think the time to merge is after the next winter drill program and at that time spin out all the other assets of both which I think are virtually worth NOTHING until they put a drill in the ground and find something. I just think that AMW fully diluted should on takeover be worth slightly more than FCU due to the JV putting them in as operator from 2014-16 so a ratio of around 5.60x.