RE:Too cheap I think Chinese companies would buy up lots of Canadian-based mining companies if the Feds weren't so strict on potentially blocking such deals, especially in cases where the property is on Canadian soil.
Article courtesy the Financial Post:
Excerpt:
...Even though Canada has blocked gold transactions in the past.....Beacon Securities Ltd. analyst Bereket Berhe said Osino’s assets are not in Canada and gold is not recognized as a critical mineral.
“The acquisitions of TSE-listed gold mining companies by Chinese operators, including Zijin Mining’s acquisition of Nevsun Resources (2018), Continental Gold (2019) and Guyana Goldfields (2020) did not prove problematic,” Behre said in a research note. “All acquired companies had assets outside of Canada."...