Traders Cooperative

[ItsAllCyclical]

Thanks. Posted to the Yahoo NG board a while back. Bit of a stretch as nobody would pay that kind of premium, but it does help put things in perspective. I love NG's potential LT and $100, 4 years from now if they remained independent wouldn't surprise me, but at this stage I don't think the market will pay more than $25-30 even in a bidding war. A year from now that could change. I could be wrong, but there's still a good deal of cap-ex ahead, permits, etc. Right now I think the best case for shareholders for the ST and IT would be for ABX to buy just Donlin. Question is would they pay a fair price. If they got a substantial influx of cash the new floor could be north of $20 and maybe not require any new funding for Galore while still having substantial upside. One thing I believe in is NG ability to find new resources. I think it would be the best of both worlds (at the right price of course). We'll see.

I can't see ABX going away quietly and go away is what we need them to do. Giving them Donlin in exhange for cash and PSM shares is probably what they've been after from day 1.