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Re: Mugwumps88 post# 15802

Friday, 02/18/2011 9:38:58 AM

Friday, February 18, 2011 9:38:58 AM

Post# of 24525
At todays prices close to 3 billion dollars. Remember what they have found so far is on a tiny portion of their land package, like <5%. One of the things they are trying to demonstrate in this latest round of drilling is that the mineralization extends much father south than most people realize. I estimate on the next 43-101 they will have 2.2M oz au and 25M oz ag, in todays prices that would be 3.8 billion in precious metals all on a tiny portion of land.
I would estimate at this point Winfield would agree to a buyout starting in the 7 billion dollar range and no less.

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