RE: RE: News Release - Brigus Gold Agrees to Sell Completely rubbery figures I am using to generate discussion...
Let's say that 1% royalty was 980 oz per year and that cost of production was $800 per oz.
BRD goes from losing 295K to earning 784K on that 980oz
The effect would be an extra 1MM in cash, or at 15 times cash, an additional 0.05 to the SP
I like that.
What makes me nervous is that they don't say how they're going to fund the remainder of the buyback that are pursuing...