GREY:LBEFF - Post by User
Comment by
hank2010on Feb 02, 2004 6:35pm
176 Views
Post# 6991097
RE: question
RE: questionIf MUM gets wider intersections and/or with better grade than their 1st round of drilling, and if LBE misses, MUM will be the better buy. If the reverse is true .....
I look at there being a better chance of MUM maintaining similar grades as they go deeper than of the same being true for either McWatters or McAra. Redstone is more difficult to envisage, but Inco going back is a big plus. Of course LBE only has 30% of Redstone (at 30% of the price of mum up until 2 days ago!).
So as someone already mentioned, 3 kicks at the cat vs 1 (better IMO) kick, and at half the price, weight it towards the liberty. Once again, I agree with you Bob, but I do not feel as strong.