RE:RE:RE:RE:RE:Does anybody else wonder..Very great question Richy. Its one that I think a lot about too. I am going to side with wilwal here, that IMG is very risk averse now and wont pay for potential and only a sure thing.
But, I think IMG's loss on Karita would be our gain. For shareholders who can digest the geopolitical and early stage risk, Karita will be a winner. I am a firm believer of the Senegal-Mali faultzone and the geology of the neighborhood. Therefore, I will be certainly investing in any spinouts holding Karita.
As far as valuations go I think we will get at least C$60/oz, but i think even $70/oz is a possibility. It really depends on when IMG pulls the trigger and what the market is doing at that stage. If gold price keeps improving we might even have a shot at a higher per oz number.
I think your price of $.45 a share without Karita is a very very reasonable price, and quite achievable in a M&A scenario. I think we could get higher as well depending on how the market behaves and how the deposit behaves. If Diakha deeps shows some serious underground potential we could get over $.50.