Comparison TRR - GCU I just did a small comparison with TRR's valuation and GCU for my personal information. Maybe some of you find it interesting, too:
Iamgold paid price for TRR: 608M $.
TRR: 80M $ cash = 528M $ net.
Indicated: 0,93M Oz Au @0,82 g/t
Inferred: 5,4M Oz Au @0,90 g/t
@Cutoff 0,3 g/t
With a usual weighting of indicated resources being priced at the double price of inferred i get a paid price of 145$/weighted indicated Oz Au.
GCU (old 43101 and ignoring Silver):
Cutoff 0,4g/t (instead 0,3g/t @TRR)
Indicated: 1,22M Oz Au
Inferred: 2,45M Oz Au
133M shares fd @1,44 $ = mcap 192M $.
This makes 78$/weighted indicated Oz Au.