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Newcastle Minerals Ltd A.NCM


Primary Symbol: V.NCM



TSXV:NCM - Post by User

Comment by miningmanon Feb 14, 2020 7:17pm
218 Views
Post# 30694186

RE:New Board Members Understand M&A

RE:New Board Members Understand M&A  Well this  is  not  the most ridiculous  post  on  this  board  ,  but consider this.  My  best estimate  for  revised reserves  is  4.5  milion  ounces,  lets say  5 million  being optimistic,   Value  per ounce  for   gold  in  the ground  is   around  $150,  lets  say  $200   to  make a generous   allowance  for  Snowfild  etc,   Remember there have been  some atroious deals  over the last decade  and aquirers are lot more disciplined in 2020.  So  thats an  even  1 billion.  With  185 million shares thats a take over price of   about    $5.40.    Obviouisly thats  not  going to happen  any  time soon  but if  the SP  gets hammered  once or twice more with a 30%   haircut ,  maybe it makes sense to someone.
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