ITH: How does Livengood compare?In 9 takeovers (Underworld, Adi Dagi, Canplats, Moto, Aurelian, Orezone, Lobo Marte, Arizona Star, and Miramar)…the average takeover price was $532 Million, with 8.7 Ounces, at $61 per ounce and average $923 gold.
Do the math on ITH (read below):
Industry Track Record from 1985-2005
- 195 deposits discovered >1M ozs
- Approximately 5 of 10 are >3M ozs
- Only 16 deposits are >10M ozs
- Average discover cost of $35/ozs
Livengood Track Record 2008-2009
- 12.5M ounces discovered in 2 years
- Discovery cost of <$3/ounce
- In the top 2% of gold discoveries made in last 25 years