Gold Canyon Resources Inc V.GCU

Possible Take Out would be great news for GCU

[honkytonkgirl1]

At this week's Prospectors and Developers Association of
Canada convention, the world's largest mining gathering, the
mood was somber. Many junior mining companies ravaged by the
downturn in metal prices have struggled to raise financing, or
attract the interest of larger rivals.


But that trend is beginning to turn for some of those with
gold projects in Canada.


"We have noticed that mining companies are really, really
looking at Canadian projects," said Richard Boulay, a director
with Moneta Porcupine Mines Inc. He said Moneta, which
owns gold projects near Timmins, Ontario, had been approached by
five major miners at the convention seeking details on its
assets.

https://www.reuters.com/article/2015/03/05/mining-pdac-gold-idUSL1N0W60BO20150305

[goldman17]

They pay over $300.00/oz for Gold insitu-and I think $4.00 for Silver-imho

[moonshot5]

Mega Precious Metals MGP-V got taken over for about $3 - $4 /ounce for GOLD. This was my reaction, as a shareholder.

[goldman17]

In Red Lake they pay $300/oz insitu-Gold Eagle-Premier to name a few