The cost of building the mine is very expensiveThe shares have had a nice move but this company does not currently have the funds to build the mine. So are they looking for a buyout or a partner?
Sprott on friday caused a move up in the share price but if they require over 500 million to build the mine at todays share price they would have to issue over 1 billion shares approx.
So is the company all that well off with the take over. Yes silver can move up and if it does I feel you might see a take over down the road maybe. Just my thoughts at the moment.