RE:RE:RE:The story began
Retiredgeo wrote: Great Bear Res was purchased for 1.8 billion CAD. If we assume that this is what majors and mid-tier gold companies are willing to pay: 1.8 billion divided by 140 million shares = $12.85 CAD/share. The share price should still be a double from this point.
All of these Yukon/BC explorers tank during the winter. I bought last winter at what I thought was the low. I guessed wrong!
I agree with Rediredgeo on his assessment of Snowline. Knowing what I know of it I think it's worth $12 to $15 a share if a buyout were to happen given that SGD has 142 million shares outstanding. So that is if a buyout were to happen relatively soon but if we go another year with no buyout what value will the market put on Snowline. Maybe it just hangs around the one billion dollar market cap like so many of them do for awhile. My best guess is anyone buying at these levels definitely won't lose money on SGD and there is a very high probability of doubling your money, perhaps even better than that if future exploration warrants a higher value. Definitely fair value at these levels. The market has it right so far in my opinion.