RE:QuestionsCordero is slated to crank out a feasibility study by end of the year. Next year would be the official decision to proceed with mining at Cordero. At this juncture, a bankable FS will allow Discovery to entertain the idea of a debt & equity combo to finance the capex.
That being said, chances are that they will likely sell out to the highest bidder. We know that management has a sizable stake in the company (in excess of 5%) and Sprott owns 25%, which will prevent any lowball offers from being entertained. The high water mark for DSV was $2.23 a couple of years ago, so (utilizing a standard 50% premium) $3.35 would be the bar that suitors would need to surpass just to get an initial bid through the front door.
Sprott and other strong hands (such as myself) will not entertain anythings south of $5 USD and even that is WAY too low for what will become the world's largest silver mine in a post-BRICs world where gold and silver are backing currencies.
A buyout could happen as soon as 2025 if everything progresses in a timely fashion. Now, the question would be who are the most likely suitors. My hunch is that interested parties would include Pan Am Silver, First Majestic Silver, Hecla, Fresnillo and possibly Coeur.
In the meantime, be patient and accumulate on weakness. We could easily drop back down towards 50 cents USD as the markets are about to roll over and the baby will be thrown out with the bathwater.