NES Buyout.... Looking ahead, they will be taken out sooner than later (like Ventana).
Question: from the knowledgable posters, what's a reasonable in ground value per oz?
A post yesterday mentioned $100oz which I believe to be ridiculously low. $200oz I believe would be low end, based on the quality of the deposit, at surface pit to start, known geology of the area (Los Filos) etc.
I believe Ventana's take out price of $13.00 share equated to $370oz gold equiv taking into account Silver and copper credits.
I recently read elsewhere " Gold companies are paying prices in excess of $500 per oz to acquire high quality deposits. (high grade, easy access)
So it's looking more and more like we'll see 4 mill oz + once Newstrike comes out with the NI 43-101 resource estimate. At conservatively $250oz in ground = $8.30 share
Comments??