Even if we take your numbers and add another 100 million shares...you are looking at current market cap of US$35 million at 1.6 billion shares. Peanuts!
And if the tailings results come in even at 6 g/ton, you are looking at an inventory value of $8 million to defray the costs of buying out OGX. So the true enterprise value of OGX is probably only US$27 million right now.
A buyer could easily pony up US$50 million and win a potential lottery ticket.
As for your obsession with CRH...CRH just wants their 1,000 oz of gold a quarter. They will be delighted if that 1,000 oz suddenly becomes more secure!
OGX Price at posting:
2.8¢ Sentiment: Buy Disclosure: Held
