RE:RE:RE:Marathon current ore value Mookster
Thanks for giving us something to chew on while we wait . If I may I will add my 5 cents worth :
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Did you factor in the recovery rates ? On balance they seem to average out to around 85% .
Of course the DFS will not be based on current prices. Probably only 75% ( let's asuume )
If I am correct ,in my thinking, the real value may be closer to :
7.9 billion x .85 ( recovery rate ) x .75 ( fraction of current spot prices ). =. 5 billion dollars
( of course that is assuming 100% ownership by genm . If we factor in the 8o% ownership then
5 billion x .80 =. 4 billion )
what ever the number it is a heck of a lot more than our present market value and we are no doubt undervalued big time .
If my numbers are at all close to the DFS- NPV , what would be an average buy out price as a percentage of NPV in today's market ?. (10 %,15%, 20 % ?? )
thoughts anyone ???