Hey guys....had a lot fo fun reading peoples predictions as to the price of a buy out and the various factors that accompanied it a while ago...thought it might be interesting to see what people thought about it now.
Personally with the added tonnage I think an extra 50% is fair. My initial range was $4.50-$5.50 so that puts my revised buyout estimate at $6.75-$8.25/share, of course Teck wont pay full price until it proven but then again if grades and tonnage were better than expected this revised figure does represent a slight discount as well.
The main thing on my mind...is where could we potentially be when we start seeing these drill assays and can start calculating extra tons based on what they uncover. This factor alone I think makes it fer more valuable for Teck to buy us out now and then they can finish proving up the resource for Tck.B shareholders....which I assume lots of us will be when everythings said and done.
I have no problem taking any combination of shares or cash....in fact the shares might even be better if we can get additional value added to them if Teck proves up the rest of the resource, plus (Im not current so forgive me if Im wrong here) Teck offers a $.40/share divided quarterly. All shares could work out substantially well on the financial side of things, otherwise with cash...a few more highly prospective, undervalued junior miners are awaiting and have caught my eye.
Regardless my revised estimate is $6.75-$8.25 with yesterdays additional news....anyone else care to tender an estimate and some opinions?
Rogue,