RE:Newmont...Spinning off Red Lake to make a run at WM?mepatriot wrote:
Newmont GoldCorp has a market cap north of $40 billion (Cdn), just sold off their "loss center" in terms of low profitability, and has over $3 billion in cash, and booked a net income of $2 billion last quarter alone.
Hmm... dumping Red Lake to come after a REAL profit center? Just wondering....
Hard to say. I think once that 43-101 comes out WM is gonna be a feeding frenzy. Here is the thing thats on my mind though.. Will they sell off Fenelon for a crapton and start further drilling and exploration at Beschefer? Or will the company be bought out as a whole? I'm very excited/curious to see what happens here. Get me a damn time machine the wait is killing me.
R