RE:RE:RE:Share Buy BackAn independent III is highly unlikely to qualify for third-party project financing, even with a very robust Red Chris Block Cave Feasibility Study. It is more likely that there will be a RC property purchase or an III purchase by Newmont or another substantial mining company, or the purchase of III by ME.
Unless required to hedge by a major project financing or other large commitment, hedging is usually a very tough call – the hedger is recognised as either brilliant or an idiot.
It appears that III is not covered by a single analyst – no wonder its share price is in the basement. To buy at current prices is a no-brainer!