RE: Economic deposit?
Hello,
In general majors look for 4-5 mil/oz minimum before considering a possible takeover in addition to the project havign all permits and environmental issues resolved.
for info
Figure 3: Possible acquisition targets
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Company Exchange
Name Symbol Price Recommendation
Aurelian Resources ARU TSX $8.69 SPEC BUY
Andina Minerals Inc. ADM TSX-V $4.04 SPEC BUY
Anatolia Minerals ANO TSX $6.24 Not Rated
Aurizon Mines Ltd. ARZ TSX $4.26 Not Rated
Alamos Gold Inc. AGI TSX $6.79 SPEC BUY
Axmin Inc. AXM TSX-V $0.90 Not Rated
Comaplex Minerals CMF TSX $6.00 Not Rated
Detour Gold Corp. DGC TSX $8.75 Not Rated
Dundee Precious Met DPM TSX $8.99 Not Rated
Greystar Resources GSL TSX $8.00 Not Rated
Guyana Goldfields GUY TSX $10.05 Not Rated
Great Basin Gold GBG TSX $3.15 Not Rated
Lake Shore Gold Corp. LSG TSX $2.14 Not Rated
Metallica Resources MR TSX $5.09 Not Rated
Minefinders Corp. MFL TSX $11.08 SPEC BUY
Osisko Exploration OSK TSX-V $5.85 SPEC BUY
Orezone Resources OZN TSX $1.51 SPEC BUY
Red Back Mining RBI TSX $6.82 Not Rated
Source: Canaccord Adams research: October 16, 2007