If .68 seems absurdly low to you, please read the enclosed in regards to resources in the mining world.
First off, if you've never heard of Sprott Investments, Jean Tardiff, Aurelian Resources, POG, Skarn, Bonanza deposit, M&I, recovery, grades, intercepts, etc, then you are already posting about something you know little about.
To those trying to use an example of a $50,000 car that has received an offer of $10,000, in respect to the legitimacy, or illegitimacy as it were, of this offer, is sheer ignorance.
Sprott`s Tardiff said he thought Aurelian would be bought out @60-70 a share, and if the discovery was somewhere other than Ecudor the share price might be there already.
Why would Jean Tardiff make such an outlandish claim as that? Who in Aurelians BOD's right mind would accept such a 'low ball' offer? Looking at the raw numbers for ARU.V will show what I mean:
Shares Outstanding: 33,281,865 fully diluted.
Market Cap: 1,152,550,985
Current PPS: $34.63
Given that ARU.Z's M&I and Inferred resources are estimated at 15 Million Oz Gold, never mind what they could still yet claim additionally AND discounting silver and other metals already found, they have gold pounds in the ground of $690 /oz = 10.35 Billion.
So, again, taking an offer for $68 pps represents they are getting their current mkt cap x 2, which is only 1.152 B x 2 = $2.302 B. I guess they are stupid if they entertain this offer then? Sprott and other securities are not in the business to play games, this would be a legitmate offer price.
Whether Aurus's claims of Multi B in the ground is true or not, does not change the fact that these kinds of offers exist in the mining world. Also, you have many similar resource plays that are significantly undervalued as compared to the mkt cap, as is this one given the numbers we are playing with.
BMC.V may have as much as 2B in the ground, yet their mktcap is 130 M?! That's a 15x difference that was 60x only a few months ago.
ECU.V is set to report this summer over 300 M oz Silver and counting, yet their mktcap is now south of 500 M.
These companies are household names compared to a company from Russia trading on the US Pinks.
