RE:Double Edged Sword After listening to th recent podcast, Paul mentioned again that the NPV of Casino is $5 billion, or $4 billion US if his $5B is in CAD.
No way is Paul going to sell Casino for only 25% of true value ($6 per share). He has a figure in mind that is his minimum. Now, the best case scenario is that a bidding war gets us past that minimum figure.
Yes, we need the gold component and the copper component to create that competitive tension. NEM bidding against RIO provides us maximum value. In either case Mitsubishi provides cover so that neither party has to "go it alone".
Maybe some of the other CAs that Paul mentioned will team up with Mitsubish? We have enough parties in the mix, now we just need to get further down the permitting road whilst we wait. In the meantime, the metal prices to continue to climb. The stars will align, patience is key.
The only thing we must not do is shoot ourselves in the foot via a fire sale as which occurred up in Nunavut (SBB fiasco). Patience will win the game. The majors need us, we know that!!!