Please give me a WAG of what your number might be.
There are way too many unknowns at this point to come up with a WAG. In particular, I'd like to know...
More about the geological discoveries and potential at LDM/NUOCO.
The grades that have been shipped/stockpiled at LDM/NUOCO.
If Auryn's drill program intersects the porphyry.
If the estimated mineralization exceeds the number necessary for Auryn to exercise the minimum $100 million option agreement for 85% of ADL.
However, it is quite possible we never are made aware of these parameters if a buyout occurs prior. And if a buyout were to occur prior to Auryn exercising their $100 million option, that would imply that the purchase price would be significantly greater than $100 million.
From a personal standpoint, given the length of time I've been holding this investment, I would be somewhat disappointed if a buyout was accepted below $200 million. Though if it happened on Monday, I would gladly take it and parlay the proceeds into any number of beaten down mining companies.
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