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Northstar Signs MOU to Mine High Grade Zone 2 at Cam Copper Mine (click to learn more)
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Gold Canyon Resources Inc V.GCU

Metals & Mining Gold


TSXV:GCU - Post by User

Gold Canyon Resources Inc > TRR Gets bought out at $3.30
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Comment by Geospoton Apr 27, 2012 10:33am
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Post# 19843603

RE: RE: RE: RE: TRR Gets bought out at $3.30

RE: RE: RE: RE: TRR Gets bought out at $3.30

Not at all comparable. They reported a 6:1 ratio of Inferred to Indicated with the Indicated at .82 grade. You can't calculate price per oz like that because the market is currently giving far less value to inferred, far less. IMHO, the other posters here are correct at closer to $86/oz., which excellent in this market I would say.

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