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13:30
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Originally posted by BobF:
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Your initial numbers sound reasonable, but what benefit would the owners derive from selling at that level when it would be destined to go significantly higher. Once it is effectively de-risked and it is simply a matter of production the sky is the limit. So where else would you put your funds that would do better than where they already were? Nobody has answered this question that I have raised many times now. It seems to me it would be like Steve Jobs excitedly selling his little old apple computer company just after producing the first Apple personal computer because he has successfully jumped the first hurdle. Of course he did not know just how great the company was going to become, nor his mixed roles within it, but I think it is fair for us to say that we have a better idea today having seen how pervasive the flat panel screens have become within the entire consumer electronics industry that his little Apple computer ushered in.
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Bobf to clarify, my view is a company will swoop and buy it prior to it hitting $100/share. The billion dollar question: how attractive the offer will be to bend his arm to sell. In my mind btw 10-15 billion.
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