Interview opens with:
Orko is a very exciting silver company …
The PEA and feasibility study process is expected to take 2 years before even making a production decision. Doesn’t sound particularly exciting given the $200+ million valuation and that’s before considering outstanding questions on the robustness of the project not to mention Pan American Silver’s decision to pull out of the joint venture in early 2012.
- click to view
What do you know, Mr. Devji was right: First Majestic announces friendly all-share $2.72/share takeover of Orko Silver valuing it at about $350 million.
http://www.firstmajestic.com/s/NewsReleases.asp?ReportID=562284&_Type=News-Releases&_Title=First-Majestic-Announces-Friendly-Acquisition-of-Orko-Silver
The silver space continues its aggressive consolidation. A busy December indeed.