Perpetua Resources Corp T.PPTA

Takeover

[shootforgold]

Barrick Gold is a large shareholder and Franko Nevada owns royalty. With 6M ounces of gold, speculation is that Midas will be taken over. At $2,000/oz, gold analyst John Kaiser of KaiserResearch.com values the company between $5.26-$8.12/sh. At $3,000 gold, he values the company in the $10 to $15/sh price range.

[Tartar3]

I'm all for it, however if you listen to Barrick Gold CEO, he says they will not rush in to buy anything on the surging gold price, but will wait until it settles at the new price level whatever that is,  imo ONLY, that takes a buyout of this by Barrick off the table for a few years again IMHOEnable GingerCannot connect to Ginger Check your internet connection or reload the browserDisable

[shootforgold]

I would think Barrick's CEO would be smarter than that. With Goldman calling for $2,300 gold and BofA calling for $3,000 gold, gold is now repricing itself around the $2,000 level and the repricing will continue as gold marches higher. Problem is the investing public has the same attitude as the Barrick CEO. The current price of many gold stocks nowhere close to reflects gold priced at $2,000

[mferguson71]

https://www.sprottmoney.com/Blog/price-manipulation-and-a-case-for-physical-silver-weekly-wrap-up-aug-14-2020.html Go to the 15 minute mark. He talks about Chesapeake and resources in the ground. Midas has the resources and is one of the highest grade open pits in North America.