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7,186 Posts.
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26/07/18
18:54
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I get concerned when a whole swarm of new posters turn up - and that's surely what has happened here...
It reeks, I'm not sure of what? A pump and dump perhaps...
All hyping the 'no brainer' mantra, throwing in tidbits of facts that were known to most here months ago...
The Swedish assets.
Based on the recent GMV of the MRE, Norrliden alone is USD 440m.
In the old days, the rule of thumb as a valuation was 10% of GMV.
And all at USD 140/t dirt....
Over $500m if you throw in the small deposit.
When you consider Boliden's mines in the immediate vicinity, Norrliden stacks up very well indeed.
And it sits within a granted mining licence.