Food for thoughtI took a peek at the latest WRN investor presentation and digested the page where Casino is being compared globally to other junior gold projects in terms of size. The presentation said that Casino is the 8th largest junior-controlled gold project. I would contend that we are effectively the 2nd largest for the following reasons:
Pebble (NAK) will likely never see the light day or if it does, the EPA will so restrict their footprint that it won't be anywhere near the potential size and smaller than Casino. Treaty Creek is only 60% controlled by Tudor, so the portion controlled by them is less than Casino's size. ERPM was sold off by its previous owners due to operational issues (water in the mine, etc.) which casts doubt on their viability. KSM & Snowfield (Seabridge) and Donlin (Novagold) are controlled by companies with well over a billion dollar market cap, which in my book graduates them out of the junior sphere. Cascabel is controlled by a junior, and does have about a 10% greater gold resource than does Casino, however, it is located in Ecuador which is a bit dicey in terms of jurisdictional risks.
There you have it, if you count true junior-controlled gold projects which don't have any sort of baggage associated with them, Casino stands atop of the heap. We truly are one of a kind, a rare asset.
If any investor understands the future of gold and how valuable it will make us given our (arguably top slot position) pedigree, there is absolutely no way Paul or the BoD will ever entertain buyout offers for single digits. Elephant sized deposits are VERY RARE.
Those expecting less than $10 in a buyout need to stand back and view the forest for the trees!!!