GREY:KXLAF - Post by User
Comment by
green24on Oct 18, 2012 11:42am
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Post# 20498197
RE: RE: RE: AR $10
RE: RE: RE: AR $10 Yes, Argonaut is getting a good deal buying effectively 6.5 million ounces of gold in the ground for about $47/oz. Around $300 million for the gold, $ for $ for the cash. Total $341 million at the moment they made the offer.
Just one little thing irks me personally about the deal. I don't think this was the best deal they could have made. I believe they could have picked up a different Canadian company with about 9 million Gold equivalent ounces (gold+platinum+palladium) plus 5 billion pounds of Ni+Cu+Co for perhaps $150 million to $250 million. I'm talking of course about Prophecy Platinum NKL, and their Wellgreen deposit in the Yukon.