There is no doubt (in my view) PAN will be taken over shortly after the IGO/ WSA transaction formally goes through in June. IGO which surrounds PAN and will soon own 20% of PAN will be the obvious mover.
We just have to work out what that premium will be. I would assume anywhere between $0.37 & $0.50.
Ann: C$1.5M Payment for Thunder Bay North Received, page-4
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