Mark,how would you compare QMI overall with their 8 properties to what we have in Probe in basically one continuous mineralization,still open in all directions and depth ?
If our resource ,on a buyout, would be worth say $100/oz for our current 5.8m.ozs, this could translate to $580million or $7. per sh,on a fully diluted basis.
On $80/oz,this could amount to $465 million or $5.65 per sh.
This does not include additional resources to be announced, nor the Goldex Royalty,nor BC, nor the new aquisitions , nor the cash on hand.
IMO,anything less then a bare minimum of $7-$10 per share on a possible buyout should be a non-starter position.
Thanks.