GREY:PGDIF - Post by User
Comment by
ekimon Dec 27, 2016 10:56pm
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Post# 25645762
RE:DeBeers should have well over $15 million
RE:DeBeers should have well over $15 million PGD market cap hit a low of $32 million this year and CVV hit a high of $41 million.
Within a 12 month period...the retail market was willing to spend x $$'s on something unknown and exciting or they could have just put in a long term, low ball bid on something that is known (Chidliak) and get a much better deal out of it.
You can just never put a firm price or valuation on magical speculation that can run rampant or dive into the abyss.
De Beers will need to commit a significant more amount then $15 million to sign back up to Chidliak....they had a chance to option in and now they must deal with Rio and others....but mostly rio.
LONG...PGD
EKIM