ShakespeareHey Mud! Great to see you back. If only Tickle were here to tell us of the error of our ways.
This should be a good point to relay a little story on Shakespeare, Wesley Hall, who is on our board, was involved in a proxy dispute with another "shady outfit" over the future of Ursa Major Minerals(UMJ), whom WG acquired in 2012 around PDAC time.
These guys wanted to take control of UMJ from our bumbling, honest and over worked CEO Richard Sutclifffe. At that time we were hauling ore from Shakespeare to Xstratas mill in Sudbury and making a tidy little profit. Nickel was 10 bucks though and copper was 4 dollars ish.
Wes Hall ended up liking Shakespeare (and it's ultra low valuation) so much that he made a large purchase of shares just before the meeting to ensure that Richard Sutcliffe stayed in control. If we take the WG to UMJ conversion at the time of Wes Hall, who is on our BOD, his average weighted cost of WG shares is around 6 dollars.
As for Shakespeare Mud is right, currently it is a small mine that would be economical with a small mill. I would doubt that the value of Shakespeare could ever be more than 50 million and while I was a UMJ shareholder it average 5 to 10 million. Not worthy of very much discussion particularly. The good news is that if we saw a nickel price rebound it could supply us with 10 million a year in cash flow which would see us out to BFS and a buyout.
As for speculation, this "little" play is pretty darn fantastic if you are lion hearted, unleveraged, and patient. I've said it once, I will say it again, a patient man can have anything he wants. =)