RE:RE:RE:RE:RE:Should Be Interesting to Readpsych01 wrote: M. I wouldn't entirely dismiss possibility of a Barrick bid; Magino doesn't quite make the Tier 1 grade according to Bristow's guidelines but Barrick's Hemlo down the road isn't going to last forever and Magino might be suitable for them in a couple of years under their management.
In a statement last year, Bristow clearly defined what he views as tier-1 credentials: 10+ million ounces of gold in resources. 10+ year mine life. Minimum annual production of 500,000 ounces. Bottom quartile of cost curve. IMO
agree .....i cant see another Major coming along unless they make a bid for the whole shootin' match
(seeing a need to be in this area or just generaly being in a mining friendly jurisdiction) of both Alamos and Argonaught.
with Barick in the general area some synergies already exist especially it beeing an area play with Barrick just down the road and familiar with the lay of the land.
the big question is
IF Barrick makes a move will they try to buy up Argonaught with a counter bid first and hope that Alamos SP drops significantly and then try to snap up them at a discount or do they just buy Alamos with the existing deal as it is???????????????
sure would make for a whole lot of fun in the next few months if something like this would happen...especialy with POG rise so far and no stopping in sight .