GREY:DRGDF - Post by User
Post by
cheechwuzupon Mar 04, 2009 11:43am
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Post# 15819732
New Gold buys Western Goldfields
New Gold buys Western GoldfieldsNew Gold bought out Western Goldfields today for $314 million for their 2.8 million oz's in reserves in California. That works out to $112/oz.
When Detour converts the 10-13 million oz's into reserves in the next two months.... LOOK OUT!
Currently trading at $27/oz CDN.