RE:RE:RE:RE:Who Will Be Our Partner? Predictions?I took a peek back 3 years to the Jan 2018 investor presentation to check the project economics prior to a newly revised PEA we expect in the near future. The base case was using $1300 gold or about $600 lower than recent prices along with a very conservative 8% discount rate in the NPV calculation. The NPV (converted to USD) was $3 billion. Let's not even gross up the NPV by 50% to account for the now higher prices of gold in order to allow a "cushion" for the potential suitor looking to acquire us.
If you divided $3 billion USD by 135 million shares outstanding that would yield $22 a share. Now, if the newly revised PEA is even marginally better, that bumps the per share to $25? Or on a stock swap, it would equate (using NEM as an example with their recent trading range) to 1 share of NEM for every 3 shares of WRN. Not too shabby......
My continued preference would be AGNICO, however, I do agree that strategically NEM needs to acquire Casino. But, why not get NEM, AGNICO and a copper major or two into a bidding war??