GREY:DULMF - Post by User
Post by
redmetalon Jul 06, 2014 11:48am
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Post# 22719237
DM is a sitting duck for a cheap takeover.
DM is a sitting duck for a cheap takeover.Any major can have the whole thing for under $500 million. Includes the deposit and all of the exploration lands that DM has targeted over the years. They first but DM and then take out Anto for $220 million. If the PFS is decent, I see a bunch of companies going after this. A large patient company with deep pockets will grab it for a song. Teck,Glencore,Newmont,Asian consortium,etc..
The last Amec report that was filed indicated that the S3 unit was the only economically viable portion of this deposit. The S2 layer had many issue. I believe that the S3 unit had around 15 years of mine life which is less than most thought. However the area has significant exploration potential.
Its all about the PFS