Great Deal the more I think about this deal Crocodile has stole these mines......IF Gold holds steady or goes up healthy margins.....if gold hangs in there between 1500-1600 ,thats ok too ...but IF gold drops to 1300-1500 the actual purchase price is only 80M .... looks like a safe bet to me! (First year alone 170K ounces x (1650-950)= 119M - 60M cap ex = 60M alone in the first year! )
So they only paid like 60-something per ounce ...get the mgmt expertise ..., have good upside and materially increase there production. They only downside I see is that maybe the seller knows something the buyer doesnt..... but looks like a steal to me.....