When you do the math70 million additional shares since 2 years to get $460M of Gross Metals Value in a deposit in partnership with the only Producer having a mill in the area. I think its a pretty good deal. so it like $460M / 70M = $6.5/shares.... when the little cat was trading only $0.07....
Plus, as you migth have seen, Puma also having a 0.67% NSR on the Deposit coming from the take over of the MBMinerals. So, if we add that 0.67% X $1,850M = $12.M US. That transaction was the fastest pathway for production.
For those who think that Trevali hit a jackpot.... for only $2M Investment Puma secures 1.234 billion lb of zinc equivalent (using the current metals prices) X 25% ownership : 1.234 billion lb Zinc X 25% = 308M lbs of Zn for $2M = 0.0065.
So, Puma has paid only $0.0065 per 1 lb of zinc equivalent. So, we can say that Puma Hit also a Jackpot. I think the Puma president understood well the benefit and the value to be Partner with the only Producer in the area... More, puma got 49% interest in all the surrounding claims and he is the manager of the exploration program. I really see it as a WIN-WIN deal and all Puma's shareholders will benefit from it.
The credibility brougth by Trevali, the big brother, has also an incredible value...
IMHO