RE:Re X'5 Just Whencopperminer wrote: Hey Golden re the math. There are so many ways to value an operating miner, so for this example I valued Gibraltar from a 100% replacement cost, everything in, even the paper clips, at $2 Billion.Then divided the above worth by the approx 270,000,000. shares, and the result was $7.41. There's always some juice in these deals, so I rounded it out in total at $10.00
And then there's the Florence. With the Curis purchase of $80 Million, and costs to date on site, likely a total of $200 Million . Then add mine build costs of $230 Million, for a total of around $500 Million for an operating second mine.
Then there's the rest of the show
If you have concerns, take a look at when AngloAmerican sold their deposit. The sale price, and how many bids there were, and who the bidders were, stunned the mining world, absolutely stunned all watchers. There was a lesson there.
When we are ready, it will be no different here
Believe it!
I am trying to find out information on this sale you are talking about but can't find it. Could you post a link?
in the end, the only value that matters is what investors are willing to pay for shares. Or if they start paying dividends at some point. That's why they have to start posting green pennies on earnings reports. They bank their cash but that is not enough.