RE:RE:RE:RE:Kryptonite To Producers I'm not making any predictions, and I think you are more likely right than me...but that being said, I don't understand the logic behind it. This isn't super high-grade material, but it's relatively high-grade compared to others in Canada. The project is very de-risked. It's in a great jurisdiction with infrastructure. And those factors are the ones that are supposed to drive up what a major will pay for a junior. The average cost per ounce- at least according to Chat GBT- for projects with established resources (M&I or Proven) but NOT yet producing (which is the category PRB is in), is $100-$300/oz. This is historically based on a lower gold price for acquisitions made mostly 7-12 years ago when gold was worth way less. Putting a billion dollar ceiling, while it kind of makes sense historically, is not fair because there have been so few acquisitions in this new gold price environment. I'm just trying to figure out WHY we deserve less than $100-$300 oz. when that was what majors were paying at $1500/oz. gold now that we are at $2600 and rising?
Only time will tell. For all of Dave's inability to market the company, he knows what he has and what's it's worth. So if I'm wrong and it goes for 4 bucks Canadian, I'll be satisfied that I have no idea what I'm talking about, which is fair since my whole valuation argument is based on Chat GBT searches and not 30 years as a top geologist.