posted on
Jan 25, 2013 11:06AM
I think we'll be having this debate until the buyout (NPV, ROV, mine life, what premium for undrilled targets,?). The bottom line to me is that everyone is trying to get that crystal ball to see into the future. What is most disturbing to me is this fact that small tweaks with the numbers make Schaft unmineable or worth $5-10 a share. We know what Elmer thinks, we're very in the dark with Teck's thoughts or other majors although, yes, some obvious thoughts that relate to Schaft were given at the Whistler conf.
I still think the overall markets aren't amazing for us right now, and it could be to our benefit if this takes a few more months to finish up. Forgive the lack of unbridled optimism on my part, I've just talked to too many people in the industry who are ho-hum with Schaft and it has tempered my expectations.