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I-80 Gold Corp T.IAU

Alternate Symbol(s):  IAUX | T.IAU.WT

i-80 Gold Corp. is a mining company. The Company is a gold and silver producer engaged in the exploration, development and production of gold, silver mineral and poly-metallic deposits. Its operations include Lone Tree, Ruby Hill, Granite Creek and McCoy-Cove. The Company owns a 100% interest in the Lone Tree and Buffalo Mountain gold deposits and Lone Tree processing complex (collectively, the Lone Tree Project). The total land package of the Lone Tree property consists of approximately 12,000 acres. The Ruby Hill Project is an advanced-stage development project with residual heap leach production, located within the Battle Mountain-Eureka Trend. It owns a 100% interest in the Granite Creek gold project located at the intersection of the Getchell gold belt and the Battle Mountain-Eureka Trend in Humboldt County, Nevada. It owns a 100% interest in the McCoy-Cove project. It holds a 100% interest in the FAD project located along the Battle Mountain-Eureka Trend in Eureka County, Nevada.


TSX:IAU - Post by User

Post by Shermandrock1on Jun 13, 2024 11:48am
150 Views
Post# 36087211

Musings:

Musings:Recently NBC bought the shares of IAUX held by Equinox. Banks tend to be conduits and not terminal acquirers. Some currently yet to be revealed entity has a buy agreement with NBC for those shares. Are they perhaps out there accumulating the shares being puked by scared and weak hands? I think so. If I intended to purchase a company, I would certainly attempt to corral as many shares as I could prior to announcement. With respect to the JV, why the heck would I agree to purchase a portion of a project that obligates me to fund the major portion of the buildout? That is rather "stoopid". Why would I not just buy the whole domed company for the same price. Then, I could just sell the gold projects (Canadian pronunciation) and the roaster to lower the purchase price even more. Yep, I would imagine that the prospective JV candidate came to the very same conclusion and the DD process had to be enlarged and pivoted to accommodate the purchase of the entire IAUX. Additionally, there may even be a Spinco contemplation. These matters are complicated and take time. Just my $0.04.
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