RE: the way i see it 2-3 billion value wiped outAnythng is possible and I hope you are correct but....
What makes you think these guys can extract the gold at a price low enough to merit the buying price?
The announced gold in the ground doesn't so far imply that these mines will generate significantly higher
production for years to come.
Do you think Red Back would have sold at all if these were massive deposits that have not been described
to their existing shareholders?
What Tye has implied is exactly that, there is much more gold there than has been told and that even given the
exhorbitant price paid that Kinross got a great deal.