GREY:OLEPF - Post by User
Comment by
AussieMuttleyon Feb 21, 2010 6:27am
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Post# 16803853
RE: RE: everything falling into place for ole
RE: RE: everything falling into place for oleThey could sell one of the deposits to MDl but I doubt they would pay nay more than $100 an ounce. Remember its not only what we think its worth, its only good value to MDL if they want it. They dont have the $350M cash so would have to finance the deal, hence they would want to buy it a significantly reduced price below $300 an ounce.
Rondgold wont want it, they are only building a small plant now, my guess is to keep an eye on other smart players like IAMGOLD or Cluff. Mali will be sucking their cash and personnel for the next 24 months as the extra targets there are on ground already covered by a mining lease.
Cluff now have the ex West African boss of MDL running the show and he would be all too familiar with he potential in the area. The OLE report specifically looks at early heap leach ops to generate $$, something Cluff are first class at....
Dont loose track of Bassari either. The new CEO has a first rate pedigree in mining, both open cut and underground and is widely credited here in Aus for turning around the Fosterville mine for Northgate.