Adding ounces to your Resume makes us xtrmly vulnerable Mid tier miners with access to cash equivalents continue to quietly buy up cash poor junior explorers all over Canada especially Quebec Ontario Yukon and BC. 3m ounces with a c of a should be irresistible when the day arrives. The share count will be a secondary consideration. It's the market value and the cost per ounce aquired that Counts.
20 - 30 dollars per ounce is the going rate period the question is 20 -30 for 1m ounces m and I or for 3 m ounces resource or 5m oz potential ?
from ahead of the heard:
"""The production cliff puts the senior gold miners in a precarious position. The not-so-secret problem with these firms is that their current production rates are not sustainable for very long. They have a couple of uncomfortable options: let production decline, or go on an acquisition frenzy to fill up their project pipelines. And those options are complicated by the excessive debts that many of them are carrying.” For many miners, there’s no avoiding the gold ‘production cliff’ now, Peter Koven, Financial Post"""