GREY:NEVDQ - Post by User
Comment by
nofluffon Jul 21, 2024 7:56am
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Post# 36141611
RE:Stalking Horse
RE:Stalking HorseI am slightly confused Mack. I think u r indicating that there are multiple bids to start. Ncu will evaluate which is best and on the 11 it will become the lowest bid possible.
I find it interesting that a European group just formed a corp to purchase copper deposits around the world. I am sure they r looking at ph.
Research indicates that a high grade, large permitted deposit sells at 5% insitiu value. 5 years ago ph said they had 600 million tons of ore at over .50% copper. Since then, a bunch more has been found.
So about 10 billion pounds at 7.00 cad. That is a 70 billion cad deposit with lots more to find.
3.5 billion is the going price for ph.
A big q of mine is. How do the warrants all fit in?? There r a bunch. If exorsied, it would take float to about 2 billion.
So maybe 1 dollar cad a share. We can still hope for 2:))
Happy hoping.
Nf