Another Junior Gold Acquired..$300 per ounce
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.
Burnakura has 381,000 ounces, and we have over 70,000 ounces as our share of Turnakura plus over 200,000 JORC ounces at Gabby for a total of over 650,000 ounces.
Those are not all in the M&1 category so let's say just $150 cad per ounce and our Australian gold resource ownership is valued at close to $100 million in any fair value buyout.
We have 880,000 ounces at Selinsing ramping up to 50,000+ ounces per year ....easily worth $200 million cad .
No debt , pristine balance sheet , so we are fair valued at or above $350 million cad .
And, the FV acquired price per ounce will continue to rise as world gold production has plateaued and paper money near worthless..