Bullboard - Stock Discussion Forum Renforth Resources Inc C.RFR

Alternate Symbol(s): RFHRF

Renforth Resources Inc. (Renforth) is a Canada-based company that is engaged in the acquisition, exploration and development of mineral properties in Canada. The Company owns approximately 330 square kilometers (km2) of Surimeau District Property, which hosts numerous areas of polymetallic and gold mineralization, each with various levels of exploration, as well as a certain amount of... see more

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Renforth Resources Inc > Potential takeover target

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Post by Yepnewpapy on Feb 22, 2021 3:44pm

Potential takeover target

https://thedeepdive.ca/renforth-resources-radisson-mining-of-interest-following-qmx-gold-transaction/

Renforth Resources, Radisson Mining Of Interest Following QMX Gold Transaction

Investment Conclusion
Eldorado’s friendly acquisition of QMX Gold could be a one-off transaction, but it could also suggest that large gold miners are evaluating other mining properties in the Abitibi Greenstone Belt. On that basis, Renforth Resources and Radisson Mining may be interesting speculations. The cash-rich, debt-free companies’ properties are located near a number of major mines. Also, both stocks trade at discounts to QMX Gold’s takeover price in terms of EV per estimated ounce of gold resource.