GREY:ICMTF - Post by User
Post by
Teatimenowon Jul 12, 2012 1:26pm
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Post# 20107465
rumor is 80$/oz in ground
rumor is 80$/oz in ground which would be approx 2,6 per share, still cheaper than most other resent aquisition. especially since the capex seems to be very modest and there is still lot`s of exploration upside. we could see them adding another 2-3million ounces till late 2014 when it should go into production.
i would love to see a deal done where some sort of a Royalty or a minor interest could stay with the shareholders, but that is unlikely to happen. question is: is 80$/oz enough...
i doubht zijin will pay more, but it could happen that eldorado comes in and we might see a nice bidding war..who knows.