RE:RE:RE:RE:RE:RE:RE:RE:RE:Email to SandyFire sale comes from knocking 50% off the top of the NPV by excluding the back half of the mine life. Then, with the remaining 50% you knock it down further due to the excessively conservative figures. Then with the remaining 30 - 40 you knock half off of that since no suitor ever pays 100% of NPV. Voila, you arrive at around 15 - 20 cents of true value. I don't know your definition of fire sale, but 15 cents on the dollar certainly meets mine.
Yeah, I understand that the financial paradigm we've been under the last 50 years is what we are dealing with today. But, remember that with all adverts for financial products there is that little disclaimer that "past results don't guarantee future returns". So, using the loose concept of recency bias, many investors believe that gold will forever continue to be surpressed by the powers propping up the fiat system. I see a brighter futre than many and I believe it will come to pass. Why were gold stocks the only story worth investing in during the Great Depression? It is because we were still under a sound financial system at that point in time.
Remember, investing is all about the future. Honestly, if all of us believed that the precious metals would never break free of the manipulation and price suppression, we are fools for investing in them, are we not? The future of currency is a gold-backed crypto. The perfect marriage of intrinsic value and modern technology. Fiat is dying, we all see it. What happens to the instrinsic value of one of the world's largest stores of gold when we right the wrongs of the last 50 years? Makes $5 or $6 a share seem laughably low.
I keep saying that gold is what will make or break Casino, not the copper. Will the financial paradigm change prior to the sale of Casino? That I cannot tell, but part of investing is just being in the right place at the right time, no? The precious metals are where I want to be to position myself for the future and WRN is one of the prize horses in the show.