RE:...Majors pay $390../oz for high grade INSITU OZS FOR A ....so Mr. Goldman17 still praying this Nonsens from 390$ Take Over per Ounce ?
Best Response from Angelique - you never can compare a Resource without any Pea, Pfs and Fs.
Its all about the Economics. As for your Example of Virgina Gold / Goldcorp ?
In 2004, a small company called Virginia Gold Mines Inc. discovered the Eleonore gold deposit in Quebec. They successfully drilled and grew the discovery, and found a total of 4 million ounces of gold at high grades. In 2006, Goldcorp paid $420 million1 to Virginia to acquire this high-quality discovery. Since then, Goldcorp has been busy building this new mine, aiming for initial production in late 2014.
Where is your 390 $ ?
Today Corvus Gold got an Offer from Anglogold - 4 CAD for each Share - they own already ~ 20 % - so 400 Mio CAD for over 4 Mio high profitable Ounces already - with AISC about 700 $
But as you claimed Take Over for Maple in August ? lol
Ongoing Nonsens with each Post from your Side -
Everybody else - Best Luck with hopefully an impressiv Outlook after the 3D Model and another Top Drill Result later this Summer - 2022 should bring us to 0,80 to 1 CAD hopefully