Come on folks. No way you make me believe they are worth that much more than Richmont. No way Claude is worth more either. Those valuations easily place Richmont beyond $11.00. That's why the board of directors is fearful of an unsolicited buy-out.
Excellent points...You've got a lot of juniors that have 700 million to 1B market caps with very little earnings or no earnings...RIC under $30 would have a market cap of only 930M if you get the picture....A buyout would not be good because it would serve as a cap on the price potential unless there was a bidding war.