RE:RE:RE:RE:wishes A non producing asset has its inferred value, the actual extractable material at a price set based on historical projections. The buyer will typically take that, subtract initial captial costs, deduct projected expenditures over a 10-25 year period (depending on resource and life of mine), and then make their bid.
Lots of the Atlas bulls think $50 a share is realistic, I'm not on board with that because it's an assumption that the full value of inferred resources is realized over the entire lifespan of the mine, and thats no how buyouts typically work unless there is an aggressive bidding war.
Based on that I initially came up with $12 a share on a buyout when they were Red Moon, but I'm hoping to see $16 based on the recent step out hole results and the spinout. I still think $12 is whats ultimately going to be realized if they are bought out.