Newcrest At least there is interest out there. No one here knows what the ore body looks like.
NEWCREST BUYING PRETIUM RESOURCES
The Australian miner will pay $18.50 in cash or stock for each Pretium share in a deal worth $3.5 billion. It’s a nearly 23 per cent premium to yesterday’s close and carries a $125-million break fee if Pretium walks away. One can’t help but wonder about the possibility of the B.C.-based miner at least seeing other offers, when we consider the sporadic speculation over the years that Barrick Gold had its eye on Pretium.