GREY:DRGDF - Post by User
Comment by
auingoton Mar 19, 2009 9:16pm
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Post# 15857426
RE: Barrick financing
RE: Barrick financingI noticed that too. The timing makes a lot of sense. Barrick is the most obvious choice, especially with a new, young CEO at the helm.
The PFS should give us a pop as NAV and IRR should be very compelling at $700 Au. I still get the feeling that GP wants to take this all the way to production.
I wonder if they go the route of offering 10% to a major at lets say $12. This would get investors excited and then they could go for a PP in the teens. Once the financing risk is removed this should move closer to $20.
GLTA
Auingot