Post by
speedyg999 on Sep 11, 2023 12:04pm
Valuations of Snowline Gold
As much as I love Quinton (omg!, sorry buddy) his 10-20% calculations are not applicable in this case. When Newmont bought Frontier Gold for the MISERABLE Long Canyon Mine (yes, Newmont was not particularly brilliant (hehe) also), it was multiples of this amount. Snowline is 10x as good as Long Canyon. And the majors are DESPERATE to buy ANY good gold deposit with proven big mine potential. SGD is the best in many, many decades. BUY THIS DIP!!!
Comment by
Daugaard on Sep 11, 2023 12:23pm
your right, but they bought it in 2011 just on top of the gold bull market. I also think the 10 % is conservative, but hey 20 or 30% is also welcome :)
Comment by
Retiredgeo on Sep 11, 2023 12:41pm
This is not a QH calculation. This is my calculation. The volume of the deposit was determined by "Leapfrog" from drill hole data.