posted on
Jul 07, 2008 08:26PM
That is the 64 million dollar question.
Everyone has their own idea of the valueof KRY with the permit. Some believe we will only see $3-$4 on permit news but I would guess the $5-$8 range depending on the actual news release and how it is worded. If we get the permit before the new mining law is published in the Gaceta then we will be closer to $5 because there will still be uncertainty about the new mining law. If the mining law is published pre permit and it makes it quite clear that KRY is in good standing and won't be affected by the mining law then we should see our SP closer to $8 with the permit.
Add in the possible JV/buyout soon after the permit announcement and there is no telling where we could end up. I'm personally in the camp of a $10-$12 value.
All this is speculation on my part but I'll be putting my sell order in for double digits.