GREY:OLEPF - Post by User
Comment by
Capharnaumon Apr 21, 2012 12:50pm
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Post# 19820009
RE: IMG
RE: IMG “And when you look at the cost to acquire gold in the ground that has been pretty well-identified, you can buy an ounce of gold, pre-development, at around $65 to $70 an ounce. That’s attractive.”
Based on this I guess we could expect 1.50 to 1.70 per share...
I think the risk is that the partners don't want to sell that low and would rather build a mine.