I turn by back for just a second and...Those with the premature ___________ condition are back in full effect.
Seriously? CAD $5.50?...Give it a rest already.
CAD $5.50 doesn't even pay for the upper zone NPV discounted to NOW. Not the full NPV at the start of production which puts it at CAD $8.00.
So by your logic, even institutions are going to acquiesce by not asking for even the full discounted value of the the upper zone? We should just throw in the lower zone and Bisha in for free?
Has anybody even looked at where the lower zone ranks relative to numerous other porphyry deposits per what NSU has in there investor presentation? I posted the link earlier today. The lower zone numbers rank easily in the top 10 - 20% of the deposits and/or the 80th/90th percentile or better. This matches the best IRR of the upper zone (it only make sense, right?) If there was a deposit deserving of full pop then upper Timok is it.
I mean seriously, some of you are on some serious stuff, which I figuratively would like know what that stuff is ha ha ha. My valuations are not pie in the sky stuff here. They're actually very reasonable. I mean can you see the CEO siding with CAD $5.50? Puhlease.
And exploration potential? You can almost bank on another find. The question is when. On that note will be looking forward to Q3 drill results promised. I'm going to ignore the cash on hand because you can argue that that amount had not been included in the NPV (I'm practically rationalising with myself here) but is arguably required/slated for pre-development costs. But Bisha will arguably still be producing cash throughout now to production of Timok and beyond.
So having said that there is no way on God's green earth (btw I'm not religious it's just an expression) that this deal gets done at anything under CAD $6.50 equivalent. And if we are going out at this low ball bid and if it's going to be Lundin then any negotiator worth their salt would arguably require some shares in Lundin. So it won't be a 100% cash offer. Because after all, if we're giving up a sheet tonne of upside then at least there is the carrot of appreciation in the acquirer's stock...Which in terms of Lundin, Timok can/will have a serious impact moving forward.
What does Lundin bring to the table that we already don't have? That would be CASH. What's the point in Lundin giving it all to us if they have to turn around and go borrow/finance just as NSU would have to? Hence, Lundin shares could be the kicker and a good wack of them, 0.25 to 0.5 shares for every NSU share depending on the cash component.
I'm on record, there is no way we go out for anything under CAD $6.50 equivalent for ALL of NSU. I'M ON RECORD!!!
READ IT AND WEEP HA HA HA HOW RIDICULOUS IS THIS WHEN I'M TRYING TO CONVINCE SHAREHOLDERS HERE (which institutions are as well) NOT TO BLOW YOUR WADS SO FAST AND TO NOT UNDERVALUE YOUR OWNERSHIP. OMG some of you get thrown a few quarters and are ready to cream your pants ha ha ha.
BTW...there's still plenty of time and possibilities in this saga.
The rest of you need to get sober before you start talking smack lol ha ha ha.