RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:Dumount looking to unload for 1 billion
I understand what you're getting at Drno. Why did they sell it for 1/10 the valuation. I don't know the specifics of the deal. I can't comment on that specifically. But from 2013-2017 there was a loss of 30-40% on the price of nickel. I don't care if your company has a one trillion valuation. If the potential buyers feel they're buying in a weak market or the top of the market, good luck getting anything close to that valuation. As the CEO you may even be a little anxious to unload it. As it stands, the market values CNC at about 300 million. I believe they're also not getting full valuation. As endzone stated if Dumont gets it, we should already be there. But we're not at that frenzy state yet. I think it's just getting started so once nickel starts to move, all these companies will start to trade at high multiples. Thats why I'm saying the fact that these are different times, is an understatement. Why would a company invest a ton of money and rush to build its mine with nickel price in the $6 range. However if you could time it right and catch the beginning of this wave, then lookout. That looks to be Selbys plan. Build it quick, at the right time in a hot market and then go to the highest bidder...CEOs will make different decisions today than they would have back then.