I did a contained metals analysis of MGN vs RVM. MGN has 70% of the silver equivalent oz's of RVM. So if RVM is worth $20M, MGN is worth $14M. MGN current market cap is $14M
Rock Creek has 2.3B lbs copper, 300M oz silver
Montanore has 1.7B lbs copper, 230M oz silver
about 70% of the contained metals. 70% X $20M = $14M. Current market cap is $14.5M
I didn't sell because there is a big difference between 48c and 52.3c. If I was going to sell, I guess I would go with SLW. Should there be a spike in metals between now and closing and RVM is over 55c, I would sell.
To avoid a lawsuit, RVM/HL may also agree to raise the price by 5% or 10% as well. I have been contacted by 2 different firms already. Is it worth $1M to HL to avoid a lawsuit?
I did buy a small amount at 40c but over all 45% loss. Shanahan really botched this
The only small, small hope is some other miner bids $25M. Obviously news of this leaked and that is why the stock moved to 49c earlier in the week
any opinions you get will be useless. Those that say buy will short the stock. Those that say don't buy will in fact buy. Then if you do buy and it goes down will ride you. If you short and it goes up will ride you. Keep your picks to yourself and you will be better off with the folks here. This is a board of sociopaths
way to blow up estimates guys with your new sales scheme. Analysts are now saying tis is a 2016 play. At least 2016 estimates are 61c, up from 56c. That's a forward PE of 10.