TSXV:DBG - Post Discussion
Post by
seveneleven711 on Jul 08, 2020 8:13am
fyi .....a must read
In 2011 the price of gold was $1800US. The following are the details of a buyout to give you an idea of the implied value of gold "in the ground"
https://www.miningnewsnorth.com/story/2011/04/24/news/new-gold-inks-buyout-of-blackwater-owner/2406.html
"The deal to acquire Richfield, New Gold has gained a compelling Canadian development project in Blackwater with an implied price tag of C$310 for each gold ounce in the indicated category, and C$148 per ounce for the total attributable gold resource, according to Barker."
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