RE:RE:RE:RE:WRLG - a great gold market and strong fundamental news OSK is being bought out by Goldfields. It has approx 100M more shares outstanding
than Red Lake but also has 3x the gold reserves. So using those metrics, take 2/3
off OSK offer of $4.50= $1.8 and then gross it up by 50% since Red Lake has a mill
and 100M less shares out and you get roughly $2.70 a share. If I'm being even more
conservative lets round it out to $2.50
I went through this exercise, you can check my math and my thinking, simply to get
an idea what Red Lake should be worth on a buyout. If my figures make sense then
we are so far below any fair value here that its insanely ridculous. That said, it
presents an outstanding opportunity for investors to still get in on the cheap.