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.
BSG Price at posting:
0.0¢ Sentiment: Hold Disclosure: Held