RE:RE:Undervalued I spent some time after Slammer started posting to try to grasp a bigger picture of what was happening and who Coeur really was. My largest gold positions currently are in Victoria, which I originally purchased at 20 cents or so years ago and Banyan Gold which I began purchasing at 12 cents a number of months ago.<br /> <br /> The more I read about the research, mapping etc that Clynt from Alexco had done for the larger area in the Yukon that extends into Alaska and British Columbia the more I have become a Yukon Gold story believer. Pretty much everything that has been drilled in the past, discovered in the past, mined in the past is near surface. McConnell's decision to drill deeper, where he has built a producing gold mine despite the criticism re weather etc, is a very positive, aggressive component to my outlook for the area. Mines can be built, can be profitable and for extended mine lives in the Yukon based on what McConnell has achieved. If the deep drilling at Victoria is successful at its first mine, and we should find out relatively quickly, it will lengthen the mine life by 10-15 years. That by itself, in my opinion, pushes Victoria to $30 fairly quickly regardless of any other solid discoveries on their property or a failed or accepted takeover by Coeur Orion or someone else.<br /> <br /> The lack of capital has slowed the overall expansion of the entire area due to the weather related risks and lack of infrastructure in the past. Banyan will almost certainly follow Victoria with increased provable gold oz's as their drill results are published but it all takes cash and time. Victoria is proving it can generate cash on its current projected path in the order of 100 mil + annually today<br /> .<br /> Coeur comes into the Victoria shareholder planet with a sweetheart purchase of shares and all of the other information that slammer has provided here. They actually can be pulled higher by additional discoveries by Victoria or by a bidding war for Victoria Gold in the short term. They also can see accretive value by the entire district, including silvertip, seeing an increase in larger companies taking more interest, spending more capital now that McConnell has delivered a gold producing, cash flow producing single mine. To me it is a win win win situation that is developing for Victoria, Banyan and Coeur. In reading more about Coeur I believe $12.50 to $13 is a fair one year estimate to answer your question Andre. Their offer, if and when it's coming, will lead to more capital thrown into this district and more discoveries.
I am not a mine expert or a financial advisor....just an interested investor who believes the Yukon gold story based on what I've read or dug up on financial disclosures, press releases etc..
Good luck to all