Personally I'm getting tired of all the penny talk, these guys are starting to really annoy me - and that's putting it mildly. I'm doing my best to keep the language acceptable here.
Fact:
- in September 2012 (yes, over 9 years ago), the Feasibility Study put the after tax Net Present Value of Eagle's Nest at $543M CAD, based on the M&I resources only. It did not include the inferred resources.
I believe there are now ~563M shares outstanding. Someone please correct me if I am wrong.
That puts the NPV of Eagle's Nest at $0.96/share - in 2012 dollars. And that's just Eagle's Nest!
We all, including Wyloo & BHP, know there is A LOT more in the ground than just the M&I of EN. I know I'm starting to sound like a broken record, but there's also the known NI-43-101 amounts in Blackbird, Big Thor, Black Label and Big Daddy, and then the inferrred amounts, and then Blue Jay, Thunderbird, etc, etc, etc. Need I go on?
And now the Province has re-iterated its promise to spend $1B on the road. With a bit of pressure the Feds will probably do the same - it's good for the FN's, it's green, it's future jobs, good for the economy, etc, etc, etc...
All that and BHP and Wyloo want to steal it for a mere $0.75/share and probably ship it offshore? NOT my shares.
Mike and Twiggy: Either come back with some real dollars or take an effing hike! Preferably somewhere into the Aussie outback where you'll never be seen again.
Sorry, I know I'm preaching to the converted here, but I needed to vent.
Hobbit