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There is no doubt in my mind we will end up on the radar of Majors as a takeover target down the line. The majors essentially can only grow in this manner nowadays as they lack their own significant exploration efforts and need to compete with peers in the growth category and satisfy shareholders desire for growth.
I sincerely hope this does NOT happen too soon. We have plenty of upside without a takeover bid that I would prefer to see a full revaluation followed by a takeover bid at a rich valuation. If we get priced anywhere even near Andean on a resource basis (even half) were talking a ridiculous upside of 1000%+ from here. Yes, this is down the line and speculative, but still very much within the realm of reality and what things may come.
I harbour a similar expectation that CMM will be a take-over target one day.Further, I hope this event happens after the Co has proven up more resources.Past non 43-101 figures n current data seems to point to the possiblity the current 43-101 figure of 6million oz in all catagories may well be built up to 10 million oz. My gut feel is this additional 4 million oz is there in the 22 square km Lamaque grounds.
WF - 6 to 10 is a huge jump. I'd love to see that at some point but probably not this year. I agree it is possible and likely over a few years or with an acquisition.
For 2011's 43-101, I think the street would go nuts even with a move from 6 to 7.5 mil and / or a movement of an additional 500k-1 mil into the P&P category.
RE It will not be this year. My feel is when the $2.5million flo-tro pp is well spent on all the exploration works in the Lamaque prop,I expect some fire works to emerge
7 comments:
Very good read Rhump, tks for the link
Cheers!
There is no doubt in my mind we will end up on the radar of Majors as a takeover target down the line. The majors essentially can only grow in this manner nowadays as they lack their own significant exploration efforts and need to compete with peers in the growth category and satisfy shareholders desire for growth.
I sincerely hope this does NOT happen too soon. We have plenty of upside without a takeover bid that I would prefer to see a full revaluation followed by a takeover bid at a rich valuation. If we get priced anywhere even near Andean on a resource basis (even half) were talking a ridiculous upside of 1000%+ from here. Yes, this is down the line and speculative, but still very much within the realm of reality and what things may come.
RE
I harbour a similar expectation that CMM will be a take-over target one day.Further, I hope this event happens after the Co has proven up more resources.Past non 43-101 figures n current data seems to point to the possiblity the current 43-101 figure of 6million oz in all catagories may well be built up to 10 million oz. My gut feel is this additional 4 million oz is there in the 22 square km Lamaque grounds.
WF - 6 to 10 is a huge jump. I'd love to see that at some point but probably not this year. I agree it is possible and likely over a few years or with an acquisition.
For 2011's 43-101, I think the street would go nuts even with a move from 6 to 7.5 mil and / or a movement of an additional 500k-1 mil into the P&P category.
RE
RE
It will not be this year. My feel is when the $2.5million flo-tro pp is well spent on all the exploration works in the Lamaque prop,I expect some fire works to emerge
I'd expect them to announce the specifics of a drilling program pretty quickly then, and really try and expedite the results process.
I'm very excited about the definition drilling of Bedard, as I think this will result in a significant increase in resources.
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