Post by
Riffdoc on Mar 17, 2012 9:57am
cost of mine and ease of extracting resources
In response to your question run, on Monday morning i would not take $2.70 for 9mounces or whatever the current OLE new resource estimate adds up to date. I don't think Chet will sell that cheap either. At least I hope not. I'll endure another pp (even after 6 years in this stock). This kind of resource is rare and in demand by Majors who are running low on resources. If there is, as we have been led to believe, more than one Major bid I'm not going to be happy with anything less than $5 a share and I don't think that is out of the realm of possibility. Chet will not sell cheap, he never has! JMHO
Comment by
johnnycash&stocks on Mar 17, 2012 10:31am
it is very encouraging to hear this. at $5 that would be about $250 oz. before the additional $44 per oz cost of mine. It seems buyers are willing to pay in excess of $200 if the assets can be extracted easily. have you looked into this, would have an opinion you would care to share, regards ease of extraction and oromin deposits un saludo
Comment by
adit123 on Mar 17, 2012 10:55am
I don't think anyone will complain at 5 bucks a share! So I am not arguing anything, but are there recent examples of a company being sold for 5X current share price? One would think the market would be a little smarter than that and we would be at a higher current SP? Or is it because the 9M oz is not official?? Just wondering while killing time...
Comment by
rappy7 on Mar 17, 2012 11:55pm
About my last post: forget about Eastern Europe. Many parts of Detroit and Chicago make me more nervous. Very much so.