RE: RE: Maudore Buys Gold Assets from North Americ Lots of information to absorb.
Mill was running at less than half capacity 400-600 tpd 5 days per week. Not very efficient.
Maodore is doubling the inferred resource by this acquisition.
What hursts is that equity is issued at $1.08 per share.
Dundee Capital Markets acted as financial advisor for North American Palladium.
Dundee has a major stake in the Eagle Hill Windfall lake project. I think it is a foregone conclusion that a merger with EAG will be announced next month.
Mr. Tomlinson affirmed that "it has been our vision, since assuming responsibility for Maudore's future in July of 2012, to become the dominant consolidator in the Region, and owning our own production facility was an integral component for executing that strategy. The location of the facility, within 60 kilometers of our Osbell deposit, provides us with the opportunity to become a cost effective producer. It also fits well with our efforts to arrange a merger with Eagle Hill Exploration Corporation, whose Windfall Lake resource is well within trucking distance of the Sleeping Giant Processing Facility."