RE: More on KinrossAccording to this interview,
https://seekingalpha.com/article/238017-interview-with-bruce-campbell-the-investment-case-for-kinross-gold?source=yahoo ,
Kinross paid $900/oz for Redback Mining. Let's see....12,000,000 x 900....OK I'm holding out for $90 per share, although I probably could be persuaded to accept $75.
With Kinross you get burdensome debt but rapidly increasing income to pay it down (the ceo has said they are also considering selling "non-core assets" to assist in this). It's hard to know, IMO, how quickly they would be in a position for more acquisitions and whether Tower Hill would be at the top of that list, since they are a global company. As an investor, it's hard not to take a "Tower Hill-centic" view of what they might do, but I keep trying.
I think if Tower Hill is bought out it will be by a major with less of a presence, maybe no presence, in the area. There are several large or potentially large deposits in the state, such as Kiska's Whistler (admittedly much more isolated), that would justify establishing a presence there for a major that works harder at managing its debt. I'm happy to wait it out through early production with the current management, especially with the discovery of increased localized high grade ore to defray startup costs