Re: Poll
in response to
by
posted on
Dec 09, 2007 03:21PM
The company whose shareholders were better than its management
Safeharbour's Poll:
1) Although the 43-101 at 2.3g/t cutoff is 13.7mm oz or 14.0 mm equivalent, how many ounces do you think we have between FDN and Bonza right now?
2) What do you think the price of ARU should be at the moment?
3) Who do you think will be/who would you like to be... the successful buyer of FDN?
4) What do you think the time frame will be for a takeover of FDN?
5) What will the final takeover price of FDN be?
6) Do you agree that FDN/Bonza should be sold separately spinning off the balance for exploration?
Safeharbour's answers...
1) 18.0 + 0.5 = 18.5 mm oz (don't know enough about mining to even comment on it)
2) $15-$20 (I always thought we should at least be around $15 right now so this is in the right range)
3) Like? Goldcorp, Newmont Actual: probably Barrick (They all have the financial strength for such a deal, and Yamana is a longshot - I would not rule it out entirely. The guy who runs YRI has parlayed that company into what it is today from virtually nothing. Who knows, it may even be a Chinese company. Did you find out if the ARU people flew to Beijing?)
4) less than 3 months, after draft mining laws released (that is the timing I am looking at as well)
5) $25-$40 (good enough for me anyway)
6) yes (Certainly, you don't want to sell the whole farm yet)