RE:True value or fair value?
astrorbit wrote: Dont want to wait 7-10 years for true value.
Mr.t has been a forward thinker,a royalty spinout.
Hopefully,$$$ signs dont cloud his judgement.
Imagine if mr.t sells it for 2.5B only to discover that the deposit grew exponentially.
This is the problem.Safety but maximising upside potential.
Has there ever been a company that sold parts of the project but held surrounding properties and was able to get a true value?
Perhaps some sort of deal clause,every additional million ounces with sliding scale of $ or royalty.This would help with gbr royalties company.
Agree. There is a point where you are better off just taking your earnings and move along. Life is just that long, you will die while waiting for the perfect moment.
If we go to the end game, and GBR is sold off late next year, I plan on getting a second house in Greece or Italy where I can spend the winters. Northern Europe is cold in the winter. I do not fancy cold anymore. Snow is on the same level as fleas and taxes - to be avoided.
Besides... Hemlo sold for $4B. LP is bigger, from what I can tell. And Hemlo sold in... was it 1984? Was it $4B then, or indexed? What was the cost of gold back then?
Perhaps I'll get two houses.