M&ABack in 2011 and 12 a lot of juniors were sold at high values to mids and majors that were years
away from production to only sell a lot of those assets years later at large losses.Maybe this time around they may shift to not only ounces in ground but also must be producers or at least permitted.
Any take over of this company will not be hostile but rather negotiated if and when it occurs.Wex
has been in this for what about 5 years.I am sure they are not in this to make 100% returns on their capital but I believe they will be looking at making more like 1000-2000% returns.I always thought that this would be a long term hold if you were going to make the large returns with this company.The question is will I have the patients.I hope that I will.IMO