RE:RE:RE:Klondex buying Bison Gold Resources??? WTF Nowhere listed Cashcosts wrote: goldminer01 wrote: Very small deal for Klondex. $6-7M CAD in cash. Bison past producing mines and properties may be useful in adding ore sources to the True North mill in next 2-3 years.. Klondex realizes that
TN ore alone will not use enough mill 2500 tpd capacity.
They are repeating the Nevada strategy. The 2 main deposits are 25km from True North. Mine there and then feed the big mill. This is a tiny tiny deal... hopefully they do it in cash. It's at KLDX discretion.
Yes indeed it's an extremely small market cap play, but the point of post was to show that NOWHERE on KLDX corporate website this morning was this listed nor did KLDX issue its own press release. Only Bison issued its own press release. Illusive.