A piece of the PIE
posted on
May 25, 2008 10:31AM
I have alluded to this before and would like to hear what others think. We have a lot of Junior companies exploring the Ring of fire. Some in conjunction with NOT others not. These include: WSR gold/Seafeild resources/Hawk minerals/South hampton ventures/Lund Gold/Intrinsic/ Uc/Spider/KWG/Freewest/Renforth/Gold... Aurora/Hawk plus a few unknowns. Although Not has staked a lot of land in the area, the other players land also holds value. A major will want to control as much of this as possible if they make a play for the Ring of Fire. I think you have to look at the area as a whole, at least in terms of value. What is NOT's share. Hate to say it, but the pie is only so big and in terms of Value it will likely be shared by many in the area. Sure they may make individual deals, but it comes down to what isNOTS share worth. eg. If it is worth 4.5 billion, as was Voisey’s, then all these companies will want a share. So what does that make NOT worth? IS it going to be a percentage. This is also leverage for eventual purchaser. Anyway the Pie is only so big and everyone wants a piece. Have to look at Market Cap of whole area.
