RE:RE:Dilution 60% for CDE shareholders666999 wrote: SIL has $ 160 M cash, its low cost producer and has a lot of property for exploration, so 3 things that are important and you did not include in takeover, plus drill results coming and increasing resource, why is SIL mkt cap so big, because mine has delivered, and has great grades, all this things that SIL has Coeur needs, simple, and deal proofs that
The NPV takes into account the good grades and the current reserves and resources and does not justify such a high price, any more than the FCF forecasts (for 6 years only, the exploration potential being random and hypothetical). I think that Silvercrest's management have sold their project well and that it is much better than CDE's. We can at least hope that they will raise the level of management of the new entity!