RE:RE:Revised Financials for MINThe incredible profitability at $2.25 copper, even at only 40 million lbs per year, makes me hope that this company is not bought out anytime soon.
MIN does not need to partner with a larger company to get this mine up and running. I think we should go it alone. I do not want to see any more dilution, even from Greenstone. MIN should be able to borrow the $45 million to get going, and then self fund from there.
Even if MIN only produces 40 million lbs per year and never goes up to 125 million, that would work out just fine. Just think of the years when copper prices go above $3! This could be a long term cash cow, why would us stockholders want to sell out? To get a smaller profit quicker?
Just my opinion. And the way I will vote if and when a buyout offer comes. I think every dollar I have invested at the current share price can earn me 50 cents per year for decades - and that's at $2.25 copper.
Why would I ever want to sell this stock?