Re: With the NOT news
in response to
by
posted on
Nov 12, 2008 06:20PM
Thanks for your response and query Sunnybrook.
First of all let me tell you hat I've heard. It was mentioned to me that FWR was talking a buck a share if and offer came in to them. Some of the ROF are pleased with the turn of events at NOT. So is Palmer. Why? Probably because these guys willl be easier to deal with than NOT was under Nemis.
They are pounding the he$$ out of E1 right now. Probe is right there. Above and below to the east I believe. Someone will want those claim blocks at the very least.
Probe has a large amount of land in the ROF. They could sell or option the blocks scattered about or sell the whole area.
By the way isn't Palmer NOT drilling because he is searching for some good properties? Why search for good properties when you already have them???
I know there are more questions than answers but believe me when I tell you that somewhere in the above reasoning I began to see things a little different. How much will they sell for? I have no clue. I wouldn't know how to put a value on 60 meters of peridotite with some mineral. Do you ask for less before you drill? Do you drill and try to hit for more money?
I don't know but look at it this way. Lets say that FWR expects to be offered a buck a share. They have close to 200,000,000 shares out now. That would be 200 million.
Now Probe with 40,000,000 million shares out but with lesser targets of significance (up to this point) because he's stahling with the Vtems, but with significant mass, why couldn't we get 200 million? But then of course that would be ridiculous because it appears to me that it would net some 40 bucks a share. They will never pay that for something untested.
If I'm not making any sense feel free to critique. I have a thick skin and am always willing to learn...:)
Don