RE:RE:The slow trickle downwards
Pierrie Lassonde recently said the higher gold prices would generate exceptional revenue flows for the major gold miners in the second quarter. That will provide them with plenty of cash to burn. The summer doldrums in the market gives them bucket loads of opportunity to acquire some undervalued bargains in the junior mining sector.
AMK has stuck out a for sale sign. They are willing to sell between 6 and 7 million ozs of gold equivalent for what was it $217 million dollars. That equates to $31 cdn per oz for 7 million oz and $36 cdn per oz of AuEq for 6 million oz.
Sure there is plenty of derisking of the goldstorm deposit to go. There is also plenty of blue sky potential at the treaty creek to offset that risk.
It may be the summer doldrums for some, but the current market has presented a massive opportunity for the mid-tier gold miners to make some great investments in their future..
Time will tell if amk gets snapped up by a major but in my opinion $60 US an oz is closer to the derisked value of the in situ gold at treaty creek than the $31 to $36 cdn per oz amk is processing...