RE:RE:First majesticHi Matt.. Great job as usual.. your time and efforts are very much appreciated.
I have had a back of the envelope number in mind for a few weeks now.. just based very roughly on numbers I make AXU about 1/5th the value of FR which in todays very depressed numbers would at least double AXU's MC.. I then add something for the Tier One jurisdiction as compared to whatever tier Mexico has become these last couple of years? There are a number of other factors that are also in favour of AXU like grade for one and the huge potential of the whole Keno district. So I am thinking in the region of $800 mil / £1 B .. that would give us a a SP of around £5 / $6 but does not take into account that silver is likely going much higher in 2022 and silver stocks may well be in for a much better year too. Of course Keith N will be well aware of this too, especially as he is a total silver bull ! I guess he may be looking at moving very soon as he is paying interest on that loan and he obviously has a plan to get that money working for him asap.