RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:Korea ZincYeah, the devil is in the details huh. Glad that Kingkyle pointed this out! What is the rationale again for $1.50? There is no math behind it. Just a misleading anecdote. Very consistent previous post.
Meanwhile the stock price is manipulated. Anonymous (01) is in 95% of transaction this morning!
I think this is a good one for IIROC to work on or we might be in for bad results.
Either way, I am looking forward to the remaining results. Hopefully, can be a catalyst.
KingKyle wrote: Tongling 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 !
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