Snowline Gold Corp V.SGD

it appears a good time to add to SGD

[ghostzapper]

is during the lull in trading during the winter.  With any luck I will do so again next winter.

[Retiredgeo]

It might not be around next winter.  I expect it to be bought up shortly have they release their 43-101 on Valley.

[Flyder]

Do you have any sense of what the stock price at a buyout, this year after a 43-101, could be?

[Retiredgeo]

If we assume 15 million ozs x 20% profit margin x 30% buy out price = 900,000 ozs At $2000 USD/oz that is 1.8 billion USD. Divided by 158 million shares = $11.39 USD/share. I will be happy with $10 CAD/share.

[AlwaysLong683]

I doubt SGD is going to be bought out anytime over the next year or so. If SGD was looking to be bought out in the next year or two, they wouldn't have entered into an agreement with BTO. My guess is SGD will eventually be bought out by BTO in an all-share deal. However, BTO just closed their all-share buyout of SBB last month and will start the build of the Goose Mine at Back River