RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:Keep FaithSooner, have you ever performed due diligence on a junior resource company with X amount of delineated resources and thought, wow, that is a nice project. Then, a bit later you see the PEA and you crunch the numbers and after taking Y amount of metal mined over Z amount of years the total doesn't match the X amount of resources proudly displayed at the website or in the investor presentation?
This happens all the time with juniors. They have the goods, but they whittle the amounts down so much to crank out a PEA the PEA is more or less worthless. Give me Casinos's PEA with the full 50 year mine life and the full amount of metal recovered over that time span and then you can have your wiggle room with the discount rate and the average metal prices.
Sorry my friend, you can't have it BOTH ways. RIO can't have their cake and eat it too. I and most other investors here are fully aware of what we have on our hands and we won't sell out quickly for a pittance. Just running the basic numbers from my previous posts should assure you that it will take double digits to pry Casino from our hands.
Granted, Paul may have led RIO to initially believe that something less than $10 would do the trick but that is a moot point because A) we have no guarantees the BoD would've agreed to a lowball offer last year nor did RIO attempt to negotiate a quick deal.
We have passed the bridge already. Even if we all agreed to your $6 figure, we are arleady a year removed with inflation brining your $6 up to $7. You heard it here first, I have taken the liberty to update Sooner's $6 target to $7 to account for inflation. You might not agree with that, but you can't fight inflation, it is a force driving our value at Casino ever upwards monthly.