PEA tabled; how long until they get swooped up?
With PEA now tabled and looking juicy, only question is how long it will take for a takeover bid to be made.
Economics are juicy; it's big enough to move the needle for a large cap and is in one the best jurisdictions in the world. It's a no brainer and given how sentiment is turning positive for gold at macro level, I wouldn't be surprised at competiing bids.
My guess is they have 2 months (3 max!) before they get taken out; that's 2 months to add as much value to the SP as they can to maximize value..... good thing they have drill results and the "mother of all resource updates" getting readied... id expect more news this week as they lead into their feature spot at Disrupt mining(or they may defer to profile catalysts at event and induce more buying), which is likely the most powerful platform to be featured at at PDAC(the stock went on a tear last year in the days right after the event on no news just due to the exposure).
Either way, i'd expect the sp to move up well beyond $1 mark in the next few weeks(and most certainly upon release of updated resource) with a takeout price in the $1.40 range. Will be an exciting month or two!