Re: prb premium
in response to
by
posted on
Jan 31, 2015 09:50AM
Dave was able to take a property worth a few million and turn it into something worth $500 million; much like Richard Nemis was able to take Noront to a $500 million market cap...some years ago before these guys got involved.
Even though Noront has the largest land holdings in the ROF, I will not underestimate what Dave may be able to accomplish with their land holdings and $19 million in cash and a lower share float.
I certainly hope Noront could get back to where they once were; although that would only work out to about $2.00 a share now, due to the dilution.
Although I would still put Noront as the frontrunner, Probe could be in a position to make some interesting moves now....they are certainly more cashed up than anyone else at the moment....no debt....and have some potential backing from Goldcorp.
KWG appears to be struggling to get any financing, which could put their option with Bold/FNC at risk....and perhaps Probe steps in with some cash to secure a deal with KWG or Bold or FNC.....or NOT?