RE:Market's valuation of IIIPerhaps III’s current debt position and future financing capacity is spooking investors, resulting in the extraordinary low III share price? This is unjustified since the fair values of both Mount Polley and Red Chris are significantly higher than the very low market values underlying III’s current poor share price. There is no doubt that the value of Red Chris determined by the feasibility study will satisfy Red Chris senior project financing lenders.
But the reality is that I expect Newmont will purchase III's 30% Red Chris interest or III, or a third party will buy III, prior to a Red Chris construction decision.