GREY:VITFF - Post by User
Comment by
Human7on May 22, 2021 8:01pm
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Post# 33254682
RE:The water is a little muddy
RE:The water is a little muddyI like your optimisim Zeke, and others. Victoria board has been watching events for a long time. Between the recent official announcements, and mcconnell publically saying they're going to be bought out, you have to figure they've cooked things to feel pretty confident about being in the driver's seat for approving any bid.
If that's the case, for starters, it doesn't go below last summer's high. Which was before more recent confidence in deeper Eagle and new Raven resources. So if it was playing with $21 then, how does free money in the same pit and a new maiden resource get valued, if these are indeed proven out? ...in stable canada, with indigenous on board, great access, etc.
Technical analysis of the past SP plays a small role now in guessing a price.
VGCX board can do estimates on cash flow from best case scearios of eagle deep + raven + existing eagle + eagle 2023. If I were them I would only let it go for a price equal to that plus whatever they think the rest of the property is somehow worth.