Herb - Yes that is right - the buy out is usally much higher beucase the 10% or 90% costs estimate to process is too high, If you see a few posts from Bully, he agrees that becuase of the high concentrations, there is less rock to process per dollar, we don't need a smelter and the fact that many area players may share in some of the infastructure costs.
If you check the final buy out of many juniors, it is usually 20 to 30 percent of the value in the ground for some of those cost saving reasons.
So the final share price would go up by that same ratio - 2x or 3x
1 member recommends this.
Mr. Parisotto and Mr. Hamilton address the Noront investment community.
