Krr should be merging with (200k- 300k producer) ArgonautArgonault Gold has just opened up a brand spanking new gold mine (Magino) that cost them about 1 billion dollars to build. This gold mine will be producing close to 200 k ounces/year sometime in the coming months/years. Ar has another 4 gold mines that are producing right now.. All these mills and mines can be had for 300 million canadian + a premium..
Argonaut shareholders have done all the heavy lifting already and now a new owner can come in and take it off their hands for probably around 375 million dollars canadian and ride off into the sunset with 5 gold-producing deposits.
Ar combined with Krr would instantly become a 400k-500k intermediate gold producer but only valued at 1.2 billion combined right now, when it should be valued at 3 billion cdn with gold at 2150$ right now...