I thought you were joking...
Absolutely anyone's guess as to where the stock price goes w/ the PFS. It could well fall too.
Simply too many unknown variables at this point. One of which is the price of PM's.
Claude still feels a takeover is in the works w/in 12mts while others differ on time and value.
One thing is for sure, Randy will do what he believes is in the shareholders best interest. Personally, I still think Randy's stated value of $1.5-2.0 bill is viable... but so many variables can alter that figure.
Is 50 buck's per oz eq a fair value? Considering the stage and historic deals, that's a fair number.
If the derisking continues to improve the numbers and the project is accretive to the majors, CKG has a good shot at takeover.
Majors have had their fair share takeover nightmares of late.. I guess this will temper their bid's while at the same time demanding exceptional due diligence. |
