$0.60 CAD is still nearly double the current price, which would be a good start. I agree with your valuation, but given DGR's holding is discounted so heavily, any M&A outcome would be great.
Does anyone happen to know when an updated MRE is due? NM originally stated that it would be updated (grown) as the results came in, but I feel until it is the market doesn't care.
The recent results indicate to me that:
1. The core is larger/richer than the original MRE
2. That there is an increasing chance that an extension is likely, and importantly will provide a quicker payback and improve the business case.
I'd hoped that having the preliminary MRE model, that you could plug in the additional drill data and have almost real time updates.
Patience?
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