the buy of the centuryTwo things will happen.
1. we will be taken out at $4 plus, a hungry non growing mining company will see the value here, cash flow and reserves
2. Management knows what the future holds, cash flow galore, why else would they buy into SSP?
This was not a diversification case just for diversification, but most notably the beginning of a new mining endeavor. This move came on the heels of excess gushing cash flow. flowing in .
Perspective wise with a mkt cap of $150mm and 2024 debentures which will be paid off , our cash flow per share will be a dollar or more. Even at 5 or 6 times earnings your looking at $8 cdn. Alternatiely, the cash flow can be put to use by taking over SSP. When this happens all hell will break loose.
Count on it