I would like to get concurrence from this Hub. From my perspective, shareholder value will be created by Bolero being acquired by a major like Thompson Creek.

 What i find interesting, is Bolero today has a 43-101 with indicated resources of just under 400 million lbs. The stock should be trading at least $1.25 to $1.50 per share. This is derived by assuming a major will value a junior at 30 cents per lb of Moly in the ground, this gives Bolero a market cap of $120 million, divide this by the shares outstanding (80 million or so).

So what is keeping the stock at these extremely low prices? there are several factors, 1) the economy, 2) uncertainlty created by the sub prime mess , 3) investor confidence, 4) time of the year( no drilling results)

at some point the investment community will take note of Bolero.

Comments?