RE:RE:Why build new mines?until we get word of an OFFICIAL second party involved and interested....we aren't going anywhere near the levels even Sooner wants ($6usd). All this inuendo from Paul about others interested and proceeding nicely ain't worth didly squat to our market cap until we get somethinig official.
Everyone knows WRN and Rio negotiating...and it still isn't doing anything to our market cap!
There will be no large premium paid from Rio unless someone else is interested. You can put that in the bank....
"why build new mines when you can buy a producing mine" --- Well let me see...because you have to pay $240 per ounce of Gold eq. vs. paying $10 per ounce of Gold eq. Yeah, i get it ...add in capex and it puts Casino at added $130 per ounce...but i think that's being very generous in the comparison to Newcrest in terms of capex they need to unlock that next 27 years production!
I will say though...those thinking $10+ usd are needing to reevaluate and come down to reasonable level ---- $4-$6 usd is about it!!!