But I would say, our friend Sol has made me think. Such that, the properties that do get taken out really do sell for roughly 1-3% in situ value, whereas the no-hoper deposits trade at vastly less than that.
At this link kitco they give an average buyout price of $40/oz in the ground. If we find 40 million oz like SOLG mentioned as a feasible target in their recent presentation, and we add say 21.875% to the per oz price (seeing as how these will be mega-cheap oz's due to the copper by-product credits,) then we get a takeover price of.........
$1.95 Billion!!!! woohooo!
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