RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:WRN BoardSooner, I get where some of the WRN stakeholders are coming from, it is through the lens of Casino as a copper asset. If copper were the only asset in play, then I would fully back your prognosis of a $6 per share valuation in a future buyout.
I view Casino from the lens of it being a gold asset with copper offsets. Here is my investment thesis for WRN:
1) Casino is one of the top 5 junior-held gold assets globally with a reasonable outlook of being developed into a mine in terms of gold ounces in the ground.
2) The world is de-dollarizing (BRICS, etc.) as the rest of the world ditches US Treasuries and starts buying gold in preparation of the new monetary system.
3) If the world de-dollarizes, what do you think will take it's place? A betting man will say gold.
You have no idea how high gold will revalue (nor do I), but it will be considerably higher than $2,500 USD. You view Casino as a copper asset and want a near-term buyout at a lower price. I view Casino as a gold asset and want a buyout after gold reveals its true value.
How you view Casino determines how you will approach any pending buyout offer. From where I stand, I will reject any single-digit offer. I cannot speak for Sandeep, however, he is only one person with a vote. If Sandeep is true to his gold roots, he likely swings towards my side of the argument. If Sandeep was a copper boy in the back pockets of RIO then I may agree with your forecasts. Let's see how this plays out, but I have a hunch that I am correct. And, if I am correct we both come out smelling like roses, no?!