02-18-2013, 09:38 AM
I know in the past the quote was made the top bids were multiples of the share value. I also know this statement was in the presentation given at the AGM back on 6/15/2012. So I went back to the closing on that date and found the share price was 60.86. So quoting from the presentation:
"Upper range is multiple times higher than the current valuation"
And since this time we have a stable government and another well drilled to confirm the resource, what is the size of the multiplier.
I would hope it is at least 3, and this is just for E/A.
Bill