RE:RE:Primero Gets $7.5 Million Less for Black Fox ComplexAnd to further add to existing P shareholders' pain from MUX presentations:
Black Fox Complex:
2014 Primero Purchase Price +US$300 million
2014 - Q2 2017 Capex & Exploration +US$120 million
2017 MUX Purchase Price US$35 million
What did we buy?
• Prime real estate along the Destor-Porcupine Fault
• Underground mine producing 50,000 oz gold / year
• 2,400 tpd mill and tailings pond with excess capacity amenable to Lexam ore.
• Gold Resources1: M&I 1.2 million oz & inferred 231,000 oz
• Multiple exploration properties • US$150 million in tax pools
No point to comment further as they did not get the $35M...