RE:RE:RE:RE:RE:RE:RE:RE:RE:Any New NewsSMlachake wrote: A very realistic breakdown. However, they have much more optimistic timelines for developing the mine themselves, that is, if they have to and since the decision is based on others bidding, and bidding at fair value, we cannot be certain be 100% certain how it will pan out. Question is, what npv would be considered fair value in an offer and what would be considered worse than own development?..my guess is that each of the above is a good multiple to the current sp, even in short term. PEA will clarify, and that is any time in the next 2 weeks imo.
I don't disagree with both options having merit, but just can't see the timelines being any more optimistic when they are not even in a postion to make a permitting application before the FS is out.
Then there are environmental hurdles to get over as with any large industrial application, especially mining, even in their friendly locality. Then it has to be built.
That's why IMO the large buy out figures being thrown around are unrealistic. Whoever parts with funds is doing so and then relying on getting permiting. I'm sure they will get it, but how many Board will sanction a billion dollar outlay with no permit in place? One or two may, but not in multi billion dollars.