GREY:DRGDF - Post by User
Comment by
Roundtripon Aug 13, 2008 10:19am
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Post# 15380153
RE: 15,000,000 "X" $200.00/OZ=$3 BILLION"...
RE: 15,000,000 "X" $200.00/OZ=$3 BILLION"...YOU ARE FLAT OUT DREAMING. NO CEO IN THEIR RIGHT MIND WOULD PAY $200 AN OZ.
AEM paid $236 per oz for CLG's Meadowbank (3 million oz) and G paid $210 per oz for VIA's Elenore property (2 million oz).
I'm starting to agree with the poster who said that it is too early for a buyout. There is still lots of upside with the current drilling being done by DGC and if you think that gold is heading higher then it may paid to wait to later to sell. Maybe around the time of the feasibility study being released might be a more likely time for a buyout.
Still Don Coxe repeats over and over buy companies with unhedged resources in the ground in politically secure areas. That's DGC!