Forgot to mention. The ultimate take out price can’t be determined as the size of the resource is still developing. If NST bid today, they would struggle to get it at 50c imo but management would usually then suggest you do nothing and let the drill bit keep turning.
I think if my estimated numbers I previously posted get close, it’s higher than that. If EAR finds a high grade underground or new discovery, it can only keep rising again. It’s all about timing and some won’t wait. If they get something big by the tail, then NST will get competition even though they own 19% because others will see value. It’s all in the numbers. Dyor.
EAR Price at posting:
32.0¢ Sentiment: Buy Disclosure: Held
