TSX:LSG.DB - Post by User
Post by
Risktaker7on Jul 31, 2015 1:50pm
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Post# 23980713
Property value
Property value
When you look at the takeover of Probe Mines by Goldcorp with a takeover total of around 526 million for the Borden project and if you compare the two resources and neither of them have proven reserves, then you can give a value of a rough estimate of 200 million just for the Whitney project alone (including upper whitney) which Temex has a 60% interest for a value of 120 million. This doesnt include estimating the other properties that Temex has interest in. The deal if I remember will cost about 24 million in Lakeshore shares which is cheaper and faster then drilling out a resource.
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