Barrick will take over ATCWith Kinross and Gold Corp already taken over Yukon JRs already it clear there is going to be more majors trying to position early in the exploration cycle of JRs who pull up good grade drill results.ATC is pulling up the highest grades in the entire Yukon over wide intercepts.
Barrick might be motivated to buy out ATC even before they drill the JV.ATC played its cards very well not letting Barrick JV all its land.It independent drill program locks Barrick out of the growing high grade resource ATC has 100% ownership in.
As this grows in size to a KAM like gold inventory Barrick could make a bid for ATC.We must remember that another owner of ATC AEM might not be too shy to counter a Barrick bid as AEM needs a Yukon mine presence to balance out the rivals.
This current program has eye popping results already in its early reporting.If more of those come ATC will be bought out before Barrick drills off its JV. AEM would likely pre-empt Barrick for ATC 100% then allow Barrick to carry on with the JV.If Barrick fails to do the full JV then its goes back to AEM as 100% as they bought out ATC.
I rates the stock a strong buy and a $2 six month target as results roll in