GREY:ICMTF - Post by User
Post by
red2006on Aug 26, 2009 9:01am
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Post# 16250308
Wow -ELD buys SIno for $2.2 B (Aus)
Wow -ELD buys SIno for $2.2 B (Aus) IT was announced today that Eldorado purchased the remaining 80% of Sino Gold
https://www.stockhouse.com/tools/?page=%2FFinancialTools%2Fsn%5Fnewsreleases%2Easp%3Fsymbol%3DT%2EELD%26newsid%3D7429050 for a total value of $2.2 B Australian - back of the napkin puts the deal at about $385 /ounce .
Makes ICI's gold at $25 an ounce in the ground awfully cheap.