RE:RE:RE:If we get below $0.20 USD.......Heywood_Silvers wrote: Unfortunately, South 32 owns 70% of that zinc. We are the red-headed stepchild in this deal and the share price (after the boondoggle known as the Arras spinoff commenced) has reacted accordingly.
shares of Arras which are worth effectively pixie dust since they can't be bought or sold.
You're right about Sierra Mojada, just wishing for a good price for the 30% not yet sold at S32. For the Arras shares, this does not mean that they would have no value, but like you I wonder how it could be realized since these shares cannot currently be sold. I think they could be valued between 0.5 (price retained during distribution by SVB) and 1 Cad retained for the placement in December. Above all, the resources previously identified by the seller of the project (Copperbelt) will have to be confirmed or even increased via a new analysis of existing drill cores and via confirmation drilling (in progress). It goes without saying that there is no question of estimating NPVs yet!