Prices paid is going up rapidly .
One of my investments.....DPM.....Dundee ....has just acquired Osino's long-life Twin Hills open-pit gold project in Africa.
Upfront buyout cost is $287 million with construction costs of $410 m US = $550 m in C$.
Total consideration is $837 million CAD.
Production is expected to begin in late 2026.
Twin Hils has 2.94 m ounces in its Measured and Indicated.
In other words, $300 cad per M&I ounce of gold in the ground.
MAI has 1.3 million ounces and currently producing cash flows from its planned
full production ramp up.
So, current peer based buyout value would be about $400 million cad.
Brutally undervalued