I agree. Purely in terms of the trading, the risk in Boliva had largely been discounted, and now the stock trades basically for cash value, with BOTH projects, the one in Bolivia, and the one in Chile being "free" in relation to share price.
SOHAF will get "something" for the Bolivian project... and probably more than many expect, including that it is possible that they'll still end up participating in the project, even if at a reduced participation level... still leaving difficult questions about the proper compensation for the taking of that private property... before you get to enabling any investment...
I'll remain skeptical about it... including the potential that there may be "dirty tricks" being played by competitors seeking to torpedo the project...
But, it's clearly worth more than "nothing"... given it still includes two or perhaps 3 values: probably payment by Bolivia for the "taking", possible participation in a restructured project, and, assuming insufficient compensation/participation, legal action in Canada and the U.S., the world court, etc., to enable attaching assets of comparable value. The value is LARGE. That thing contains 300 million ounces of silver... plus other values...
Then, the current share price also attributes ZERO value to the Escalones project in Chile, which should have an Economic Assessment done by next year ? It's a low grade deposit, but, there's a lot of it, with an inferred resource now of 4.5 BILLION pounds of copper equivalent. With copper now at $3 a pound in their calculations, versus $3.66 currently in the market... their numbers appear to make sense. With that being $13.5 billion worth of metal, it should be worth "something" in NPV ? With only 115 million shares... that's $117 per share in metal. Call it worth only 1% and you still get $1 a share just for that.
So, yes, I think SOHAF is worth more than their cash on hand...
.JPG)
.JPG)
