Given the following ingredients what should Indophil really be worth.
Tampakan is world class with 15.8 MT Gold & 13.5 MT Copper & mine life of apx 17 yrs.
Indophil has an experienced & talented management team.
Philippine Govt is trying to improve foreign investment within the country & is now getting behind (supporting) the Tampakan project.
Chinese are prompting the Philippine Govt to "get it together" per recent paper articles Zijin not forgotten Indophil.
Precious metals & commodities are in a bull market.
So what is Indophil worth:
1. if takover is offered prior to open pit ban being lifted.
2. If/When open pit mining ban is lifted.
3. takover is offered after open pit ban is lifted.
3. Once Environment & Social Impact Assessment (ESIA)has been scrutinized.
4. Environment Compliance Cert (ECC)approved.
5. First pour.
So what should shareholders do, sell at the next hint of a takeover
Or
Be right And Sit Tight.
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