RE:Corvus goldDepends on how many ounces we are talking about. Mgm is targeting 5m ounces right now and can be more. Only drilling results will tell and the 3d modeling on the Joetel will be a good indicator there as well. How much ounces does Corvus have? A dollar is kind of low in my opinion though it depends on at what drilling stage MGM gets an offer. Dont selll and hold tight as it progresses. GLTA
LbinLoL wrote: Got bought out today for 500m by ashanti, ashanti had almost 20% shares, loans and stuff with corvus.. looks a little like mgm and agnico.. agnico have the 50/50 + 20% of mgm.. 70%.. if mgm market cap would be 250m.. it means the project is valued at 500m.. thats like 0.85/share for mgm, then agnico would just need around 200m to buyout.. we may be lucky and get a 1.00 buyout.. orherwise with no buyout it will take some years to get above 1.00.. the volume is horribly low, I was in for the long ride but Im at a point where I would like to see a buyout and hopeffully close to a dollar per share