I posted this on the FR board the other day so will re-post here given the recent discussions on value and who might offer what. IMHO silver bullion price manipulation will soon end and silver shortage and increased demand will be front and centre. La Preciosa has muchm much more value than any current assessment can provide because only a fraction of the property has been explored.....and these silver miners with CA's know this all too well. This is like placing a bid on EBay for an item....you just won't know the true 'offers" until the deadline is nigh! From my previous post on First Majestic BB:
Orko's La Preciosa likely has 300M oz when you throw in the inferred category plus significant further exploration upside as they've only scratched the surface in exploring this property. OK was thwarted in getting more resource count as when they did the jv with PAAS in control there was absolutely no exploration drilling done for past 12-18 months....just PAAS way of keeping the lid on to effect a future cheap buyout. Then they bailed on Orko to buy property in Argentina....big mistake as nothing but political suicide there.
FR needs to keep in mind the Carina project that PAAS picked up during that jv period with Orko. The Carina property is adjacent/contiguous to La Preciosa's southern flank. A reasonable guess is that La Preciosa's mineral wealth extends in that direction. FR should consider making an offer for Carina as proximity works for FR but not for PAAS now that they're out of Orko. Could this be the catalyst to make for a great bundling of resources? Worth a look anyway.
True Orko value at this early point in time IMHO has always been north of $4 and closer to $5 so current offers are a steal. It'll be interesting to see what next week brings.
Read more at http://www.stockhouse.com/bullboards/messagedetail.aspx?p=0&m=32187254&l=0&r=0&s=FR&t=LIST#UV7DG32y4U6Gez39.99