RE: Red Cloud Update18 Dec 2018 13:01
Nice Mog
“Likelihood of a premium takeout increasing. We believe that SolGold is a highly prospective target warranting a takeout premium. Historic multiples at 0.75x NAV or US$0.08/lb CuEq (Figure 3) come to mind through comparable transactions including the recent acquisition of Nevsun by Zijin Mining for their Timok project. That transaction was done at 1.25x NAV, implying a value of C$1.84/sh based on our estimates suggesting 192% from the last close of C$0.63/sh. “
And that’s conservative IMO
DBW