GreenstoneJust reviewing the Greenstone deal, the headline number is US$995 million. The deposit has 6.9 million oz at 1.51 g/t so 40 % would be 2.76 million ounces. So, for a fully-built fully-financed mine, the implied value is US$360.50 per ounce. It should be noted the ore here is better than twice as rich as Troilus' rock.
Saw somewhere that Greenstone will be mining at 27,000 tonnes per day and producing 400,000 annual ounces for the first 5 years before tailing off. If Ross Beaty thinks that mining 27,000 t/d is just fine, it puts into focus the original Feas. Study at Troilus at 40,000 t/d and making use of half-a-billion $ worth of legacy assets.
This part of the study, originally promised for delivery early in the New Year so as not to fall on deaf ears during Christmas season, should have been released as originally advertized. IMHO. Troilus could have easily explained that due to popular demand a supplemental study at 60,000 t/d was being prepared and would be out "shortly" or "not-so-shortly" or whenever. Instead, it's thumb-twiddling time. More credibility flushed.
Having said that, I bought more stock today. In my post a few days ago I calculated a Troilus market cap of some US$13 per ounce, but used too high a share count. If it's more like US$11.50 per ounce, that's just too cheap if we can expect this feas. opus in weeks not months.
Totally off-topic, Collective Mining (CNL) came out with some eye-popping results at another target about 3 km northeast of their original area of interest. Well worth a look.