Still bargain priced!I doubt there are any significant roadblocks in attaining the permits required for the Rose operation (just around the corner?), or we would have heard of them by now (eg. look at Northern Dynasty’s Pebble project), and in all likelyhood, Haber and Brune would have been long gone from the scene and Zaunscherb would not have come on board.
If the Rose project can be financed with the number of shares of CRE kept to less that 200M, which I believe JSL has indicated is their target, then, based on the after tax NPV of $726M, CRE would still be a bargain at well more than twice the current price.
Hurry in – these prices won’t last forever!!!