RE:RE:RE:RE:RE:RE:RE:RE:They call it NPV for a reason
Doc they offered $1.5 billion Canadian including $150 million worth of worthless ESM Canadian stock. That is $1.15 billion US including $150 million in worthless ESM stock and including our own $150 million plus cash. How can that proposal be taken seriously. You are expected to sell Bisha (likely cranking out close to $100 million per year cash flow) and a $1.8 billion US NPV (take off 10% if you like for the drop in copper) world class high grade copper project in Timok plus all other exploration packages in both countries for the equivalent of $1 billion US? No way that happens. LUN is trying to steal Timok. NSU had no other choice but to reject that joke of a proposal. They are likely still talking to LUN and other interested parties. Too bad some here dont have the patience to let things play out. NSU has no control of copper prices nor Trumps tariff actions. The only thing in their power is to continue operations and or reject as they did the proposal or hopefully accept a buyout offer at a fair price.