Barrick drills on the Mill Canyon border In an earlier presentation there was a picture showing that Barrick Gold drills on the border to Mill Canyon (40 m from it) and they have not realeased any results (and probably never will before they own Mill Canyon)
This is only speculation from my side, if Barrick does hit god grades on the Mill Canyon border, they definitively wants to buy Mill Canyon, and thats would explain why they have not released any results yet. Such results could make it very hard to buy Mill from Victoria. Barrick will never release any results before they have reached any deal to buy Mill Canyon. I believe Barrick & Victoria Gold have already reached a deal, the question is, how much will they get?
I believe Victoria will/can get much more than 100 m for Mill, if Barrick does hit god grades on the border they could easily pay up to 500 m (or more?). Remember what Barricks chief geologist said about the Red Hill, Gold Rush discovery only a kilometer from the Mill border:
”This is the most exciting project I’ve seen in my career”
This is the chief geologist for the largest gold company in the world!
What is a fair price for Mill Canyon in your opinion?