RE:EXCELLENT synergies... but MAE deserves $0.20 at least!good points. there are a few things we should always think about.
1,pine cove mill need some upgrades to process hammerdown ores or the recovery rate wouldn't be as high as 97% in nudget pond, it's a potential risk for the future production.
2, it's all share deal. 40% is a ok premium if it's cash deal. look at Hecla buyout KDX, almost 60% premium to make this deal work. ANX has to sweaten the deal.
3, the merged co will be in a very unique position to prodce between 60-80k oz per year. it would be a strategic target for major producers. the upside potential is tremendous. it will be a dominate producing force in newfoundland.
4,MAE provide the resources and ANX provide production teams. ALL MAKE SENSES. it's 1+1 > 5 deal. hopefully some big names will backup this deal.
5, eat or be eaten. it's the cruel fact of capital market. if the management didn't perform well and shareholders lost confidences, someone will step up and rob(steal) you.
6, Newfoundland is somewhere worth of your investment. mining friendly and more and more good disveries. What if more resources disvoered in hammerdown and Orion? it will be a major regional player.