BSG bolnisi gold nl

That is all very good, but the low NAV multiple has come about...

  1. 490 Posts.
    That is all very good, but the low NAV multiple has come about by virtue of Coeur's share price falling dramatically. The silver companies with NAVs around 2 do not have the environmental worries in Alaska and sovereign risk in Bolivia that Coeur has. Our Board needs to address those issues, i.e. do a due diligence on Coeur. Also BSG/PJO would be a low cost producer without merging with Coeur. It seems to me that we are being asked to punt on Coeur being a turn-around situation, but lets be convinced about that.

    It is good that Norm has responded to your communication and is encouraging further enquiries.
 
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