RE:RE:RE:RE:The greatest "no brainer" investments of your life....If you're going to add in "blue sky" potential then you have to subtract "mean reversion" in the price of copper and gold, and other factors that add to costs or deduct from revenue in the future. Can't just plug in 40 year mine life either even if that's what it might be. A mining project is worth at the present time only a fraction of the NPV. That's where a discounted cash flow model might come in.
I think the simplest way to guess at a buyout price would be price per pound in the ground factoring in all the many variables best you can. Clearly it's a lot higher than the current 1.5 cents. The average over a number of years is around 7.5 cents for copper and $90 if I remember right for gold. Now we can argue if Casino should command more or less than the average but going with averages WRN should be a $10 stock give or take. If you want to give a range I'd say between $6 and $12
Not going to be $20 as much as I'd love that.