RE:RE:Virginia Eleonore was sold dec 7 2005 to GoldcorpLet's not forget, before we bring in those comparisons with one single property of AZM, that many knew\believed\realized that Goldcorp paid too much for a 'not fully known resource'. Also, Goldcorp had to sell themselves to Newmont.
Leave it to time...we only have 7 drill hole results known on Elmer. SEVEN! It does not make a resource and no company will buy it for Billions of $$. Let's leave the workers do their work.
I enjoy trying to figure out metrics as well but I feel using Virgina Mines\Goldcorp transaction is not a good analogy due to the known overprice paid by Goldcorp.There is definitely lots of gold on Elmer but I would like AZM to prove it up more by much more drilling (not just 7 holes!). The more we prove, the higher the price and I think we can trust JML and his team, plus his AZtechMine system.
(As per my previous post, I'm patient but yet know very well that my large position in AZM will lead me to early retirement next year. JML has not done all this work to rush out and sell. He also believes strongly in the shareholders that have invested in his company.)