Friday, May 26, 2017 12:11:19 PM
On Donlin - Donlin was acquired in 2006 by Barrick for $1.5bn and at a PREPERMIT stage - same stage as Pebble is today
Donlin has < 40% of the Gold, and No Copper - while some other prospects were included in that 1.5bn nothing material of note as of today
Based on that AGAIN 2006 relative valuation the GOLD ALONE at Pebble would be worth $3.75 bn in 2006 prices (just back of the envelope math here to give an idea of undervaluation).
$3.75 bn for Gold Alone = $12.75 per share - again ignoring Cu and 2006 pricing
This company, if it continues to be manipulated by shorts and MM's will see a buyout offer, likely rejected by the Board as too low, then a hostile bid.
Material mispricing of valuable resource companies ALWAYS leads to M&A -friendly or hostile it will come
Hold your shares for the day it does, regardless of short term nonsense with the price.
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