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13:34
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Originally posted by DigDagg:
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I was listening to Rick Rule this afternoon. There were two issues that I thought were relevant to shareholders of De Grey. The first was that it is every investors dream to invest in a nickle stock (five cents a share stock) that goes to over ten dollars a share and becomes a tier one miner with over $10 billion in recoverable resources. He likened it to a man's fantasy to sleep with every one of the Victoria's Secret models - totally unobtainable. Do we have news for him on that score. The second point was of more than academic interest. He said that he had been at a mining conference and the CEO of one of the gold majors came over to him and said that because the majors had not been active in exploration for the past 12 years they are going to have to buy explorers with good prospects "at prices so high that even you would laugh".
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Originally posted by DigDagg:
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A takeover at $10 billion is far too cheap. That is only $8 a share and I have to ask if that price would make Rick Rule laugh. That price would be fair if there were only 10,000,000 ounces of recoverable gold in the deposit. I think that we all know that there will be far more recoverable ounces in Hemi and the other intrusions at Diucon and Eagle alone. There is no allowance for the possibility of the discovery of another Hemi.
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Would be great to see any of those scenarios you mentioned eventuating diggdagg, How many different companies could afford that though? who would be the most likely candidates to pony up $8- $20 a share?
(20min delay)