What's going to Zero?
in response to
by
posted on
Jul 27, 2010 06:34AM
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Letitfly,
In my opinion:
What's approaching zero is the likelihood that Webb would sell out any time soon or ever. More likely is the probability, although small for now, is for him to do a Joint Venture. But, he could surprise us soon and do it if the share price stays undervalued and makes for too much dilution necessary to continue financing on his own. After all, in two years or so, as it looks now, Towhee's going to need about $170 million to build the mine and mill.
B