I just made the observation on the YNG board on Stockhouse this morning that if we were taken out by a bigger fish that we should get most likely a minimum of $1 per share from the buyer. Just a guess on my part, but another poster did some serious calcuating and came up with a value for the company of a minimum of $2 billion. His numbers sounded very conservative and within reason to me, so yes, I think even today something north of $1 per share is possible. A lot of that $1 price may be contingent on them completing the turn around and being on course to do that 150K oz. per year number, which may take a few more quarters to prove out.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.