In my previous post, I suggested the possibility of a buyout and suggested a price of at least 30$. That is a very realistic and conservative price.
Just think about the current gold price, $900 and counting, it could easily reach that magical 1000 within a week.
That would make our resource worth somewhere in the 14 billion range.
Even with a fully dilluted share load that means the neighbourhood of 200$ per share. And we are on the 5$ plus range, does that not sound ridiculous.
An explorer in an early stage of exploring gets that kind of valuation.
I mean $5 over $200 value per share is only two and a half percent and we not only have our resource proven up but with a permit and financing in place.
A defined resource means at least five percent. With permit and financing we should be valued at least at ten percent of the resource.
Yes some of our american neighbours are nervous about Chavez but that should be compensated for by the riduculously low energy costs and that referendum that he hoped for and not received should have mellowed him a bit. So I say, even for american investors it is not a very risky situation at all.
Ten percent is a very conservative valuation so $20 is at least what we should be at right now.

Wake up to the common sense.