RE:ME compared to GBR The Great Bear deal. $1.8B + a potential additional ~~$60M if GBR’s resource is a minimum of 8.5 M&I. ME combined M & I sits at 3.3M ozs based on existing 43-101. Strictly on M&I ozs I would say ME is worth between $5-$7 per share . I am pretty sure we will add more M&I onzs from the current drill program. We have a 43-101 they don't, we have a PEA they don't, but they have more onzs per ton.
But in my view no matter which way you look at it we are under valued and a good M&A target IMO