RE:RE:take npv with a grain of saltLCP7777: The point I am trying to make is that Excelsior's profits will keep up with inflation, so I believe the discount rate is too high.
You talk about getting only a triple on MIN from here. I think MIN is worth $1.6 billion - twice the NPV currently assigned by the Feasibility Study, and way more than 3X the current price.
I think it would be a mistake to take a buyout at CAD$3.50