RE:RE:Readjusting My Target PriceSteven, while I fully agee that the raw inputs for the green energy & EVs will drive the base metals (copper in WRN's instance), the real boost to ultimate value will occur once the monetary system resets in the people's favour and not the central banks' favour.
Have you any idea just how valuable an asset Casino will be once we are under a new monetary regime of a gold-backed crypto? This may be akin to sitting on the world's largest oil reserve as the Industrial Revolution is gaining steam.
I keep saying the GOLD will be the true driver to unlock the value of Casino. The copper is just a tidy offset in my book. I will stand with my current $18 target given our present environment, however, I expect that forecast will be revised greatly upwards if Casino is still around and unsold yet at the time of a monetary reset.
The monetary reset could very well take longer than a year. So, part of me wants the sale of Casino to be drawn out so as to maximize value even higher than my current target. Reminds me of a coin I recently bought on Ebay. The seller was so quick to make a 10% profit (which I gladly obliged him), but had he waited an extra 6 months he could've had a 500% profit once the market had time to find out where it really stands.
The longer the evenutual sale takes, the more we shareholders will benefit. RIO knows this, look for them to pressure the BoD for a sale by next Summer. Let the masses speak, do we want Sooner's $6 a share or my $18+ a share (or higher)?
In the meantime, I continue to nibble and pick up shares here and there on the cheap and I suggest everyone else do the same.