I agree with Hog, which numbers is he looking at that are absolute garbage? I'm not sure what range has ever really been posted?
But, for example look @ Andean's deal, when the stock hit approx $7.33 on the announcement in Sept, and they have approx 4.5 as many shares outstanding, on approx 2.5 Million OZ (plus silver etc) but, that would work out to over $30 per SLI share (that was on 2.5 Million OZ, plus?) That's not thrown around numbers, that's simply math.
Ventana hit over $14 per share on 3.5 Million OZ (approx same shares outstanding as SLI), however, possibly a lower than average price/OZ offer?
Very curious, what he's saying is garbage?