Quote:
Originally Posted by jasonturbo
Just wondering why you feel this way and if you had a price in mind?
I have some money burning a hole in my pocket,...
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IMO, I think it would be a minimum of $3 per share. I've seen insiders and Stifel buying up to the high $2s. The mine itself has a NPV of $2.8 billion back from the 2008 numbers. How much this number is going to be will depend on the FS.... As for that I think it'll ask for a higher premium is because of the Teck option. If it's 75%, they would have to arrange financing on their behalf too (within a time frame too). So all that, I think Teck will pay a good chunk for it.