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Gold/Mining/Energy : Copper Fox
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To: brundall who wrote (9446)4/8/2015 10:25:09 PM
From: explorationguy3 Recommendations

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Underhill69

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Anyone who wants to place any significant value on Van Dyke(I don't) would have to explain the valuation on a similar type of ISR project such as Excelsior's Gunnison deposit. They have the following resource numbers:


and the following stellar after tax economics at a PFS stage:

Yet the market value of MIN is $ 26 MM. A buyout at a reasonable 1.5 X would be $ 40 MM, for a project with 3x the resource number of VD and PFS stage. If a project like this is out there why would anyone buy Van Dyke?
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