Valuation to sell? Be nice to know what management is looking for here....what do they have their sights set on for valuation to sell the company. Proven resource of 15m ounces at $20 an ounce is $300m us
-that would be a 50% increase to the mkt cap today, not a bad return however if they are looking and waiting for a big number like $50 an ounce....how long will it take.
Would PAAS take a run at this to increase their gold exposure/production....I remember someone asking Ross about that. He felt the answer was no unless there is no interest. Certainly EQX doesnt have the capital to pull it off.
If PAAS gets positive news on Escobal the share price could improve significantly and that operation would come online quickly and without much cost. The mkt cap and share price would be strong and the potentiial to raise funds to pull off this acquisiton would be possible imo. They have the experience of operating in South America.
Look forward to seeing how this will play out.