RE:Opinions please....What is the least amount WRN goes for?I'll give you the easiest and most basic explanation: nothing below double digits (USD).
Reason being is that if the team didn't sell for $4 USD back in the day, why would they sell for today's equivalent of $8 USD? Once you rule out $8, your answer has to be somewhere north of that, which for the most part means something in the double digits.
What I would want (as a shareholder) is to determine (using upcoming PEA) what the base case NPV is (using $2,000 gold and $4/lb copper, which were the market figures from last year) and take that NPV on a per share basis. Then, give me at least 50 cents on the dollar and that is a buyout price I could live with as it is fair: half for us and the other half for the eventual operators of the Casino project. Oh, and consider that the PEA won't include any of the blue sky potential from the massive land package, so maybe we actually need higher than 50 cents on the dollar??