I don't think he was implying that it would open at $40.00; rather that is some people's longer term target. I have been visiting the board that lor frequents and the general consensus is that this confirms the belief/hope that this area will become an operational mine. More than likely one of the big players will come in and make offers to all the JV companies holding stakes in the area, they in effect will determine what the final value of what NOT is.
That said I think the long term play here will result in a share price with a base around the $40 number being tossed around. Once trading resumes I will be adding to my position at any price under $10.00/ share. I am using the NOSOF shares as I don't have access to the Toronto Exchange so expect some price difference if you are too due to currency exchange rates and the timing of the 2 markets.
That said I think the long term play here will result in a share price with a base around the $40 number being tossed around. Once trading resumes I will be adding to my position at any price under $10.00/ share. I am using the NOSOF shares as I don't have access to the Toronto Exchange so expect some price difference if you are too due to currency exchange rates and the timing of the 2 markets.