RE:RE:RE:RE:RE:Gold Spikes wm 23 .......four ( as in Golf )
Yes, well I can't simply leave PRB but it's 30 % of my portfolio by accident...It is interesting to note those Gold Spikes were removed... ?? 2 Technical errors in one day not possible...simply not.
I believe two drills are working cadillac break east. ( they did add a 5th drill ) Be nice to see those grades continue to spread towards sleepy on an the break west.
I think a buyout will come....Osisko Gold Royalties ? Depends on Cadillac East Drilling...03 mining would probably like to bring Sleepy back and a new discovery...4+ buck no spinout shares.
As for a buyout...I would be happy with a share swap...as I think Newmont is poised to run another 30-40% by the end of the year. Anyone else ?? No one has the pockets to step in cold.
For now PRB has flow through to carry them onwards till December....and if in that 2.50+ range or better might do another small dilution 20 and 10 million ...to drill another 200,000 metres or so...The danger for majors is having gold run to $ 2,500 + and then competing for an offer...Newmont is in the drivers seat here...I think about 13.8% ownership of the O/S PRB shares. Dave P has 3 - 4 months of Show me the drill results time ! I think its achievable.
I would be happy at 3 bucks with a 30 PRB for 1 NEM ( CDN ) share offering after the fact and a small cash infusion of say 40 or 50 million PRB Gold...NEWCO...and keep Detour ...+ the chromite ( Yes the "C" word )
4 million viable ounces is about 125 million / million ounce in-situ ...so thats reasonable.
Will gold go down...if COVID is solved....? Not likely ..........not at all.
https://www.worldometers.info/coronavirus/ Looking at Canada alone...we doubled our national debt and have strangled our GDP via p poor negotiations and forced to sign the new NAFTA and all without a
pipeline to stand on. See my previous post on Bonds being issued by mid to large CAP Gold producers...average RRR is 6.5 % ....companies do this to prevent share issue dilution. Some of the bonds have 10 to 20 year strip...payable 2X per year. If governments don't raise interest rates cause they can't the spread will be larger and most money will flee into whomever offers a better rate of interest....just getting started IMHO
In one way the more indebted and more socially responsible ( fiscally irresponsible ) we become the more gold shines...
Who would have "thunk it" that the stupidity of Governments and the debt driven ways would have helped but it has !!! And it will continue to drive fake money into real money.
Anyways, all the best to the posters Cheers to a quick buyout...
GLTA