If they are willing to put this up for sale-which it appearsthey clearly are--three times the current market cap would be quickly snapped up if the project was iwithout political risk. As an open pit and a 2000 plus gold enviorment the after tax NAV says it all.
The question is operationg in Guatemala. The country sounds scary. But is it? I Just saw where the minister was reviewing all mining liscences.Sounds bad. So it's all about political risk. I love the idea of the Lundin's being plugged into the equation as they are as good as it gets as operationg in difficult enviornments. And the fact the company was able to get the liscensing changed from underground to open pit says alot.
The blizzard of dilution that comes with financing is always the biggest risk with great projects like this.
Will spend some time this weekend doing my DD on guatemala. Will start my google search.
Any input as to a good resources to guage Guatemala risks appreciated.
It's all about risk vs reward.