GREY:OLEPF - Post by User
Comment by
tony1969on Apr 19, 2013 9:58pm
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Post# 21279940
RE: Question.....
RE: Question.....Ole has lots more. That is their biggest deposit. I am just making a point that whoever buys them both knows this. I believe that Tgz is prepping itself for a sale as they will take a while to extend their mine life and they can quickly exploit their mill with ole's ounces. Randgold's Massawa 3 million plus ounce deposit is only about 15 miles away. What a combo that would be with Massawa, Oromin and Sabodala with their mill. The money Randgold would save (maybe $400 to 500 million) on a new mill would be used instead to fund probably over half of what they would pay for both companies. This combination has been discussed here for years. Randgold is only one example which makes sense because of Massawa and their pressence in west Africa but other companies would surely be intetested at the right price.>