RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:Korea ZincTongling paid 27%, YES..27% premium over the 30 day average price of Corriente stock back in 2009 I think.....So.they really paid a hefty premium and you expect hem to do the same for this stock...get real my friend
quote=ndiamond]Tongling Nonferrous Metals (CZX's largest shareholder) actually paid about $680 million (not $300 million) for Corriente. That was for undeveloped copper deposits in a lousy juridiction (Ecuador).
So they aren't afraid to write a big cheque for undeveloped base metal deposits. Being located in British Columbia (top tier / fair / safe jurisdiction) should command a premium.
I won't sell for less than $1.50 per share ! Almost $10 billion of metal in the ground.
Everyone can have their thoughts on "what it's worth" - but without a doubt currently significantly undervalued and pretty darned good buy at current levels.
Buy and hold
Good luck to all ![/quote]