FYI, the exercise price in Option Agreements is typically not the market price. Besides, what other natural buyers were there for the asset when this agreement was entered into? ATV has the only gold management team pursuing disseminated gold deposits in Nova Scotia. To say that a deposit with a very high likelihood of being commercial (with an estimated NPV of ~$200m) is worth a little more than $4m is _ _ _ _ (fill in the blanks, dear reader). Using your logic, Touquoy would only be worth maybe $15m or $20m given its very similar style, scope and economics to Cochrane Hill.
I assume you're in the market for ATV shares again. Good luck with that.
ATV Price at posting:
4.0¢ Sentiment: Buy Disclosure: Held
