Bidding war...From today's Teuton e-letter...
https://soundcloud.com/user-956630576/pierre-lassonde-sept-2020
Listen to an edited audio-clip from one of the most successful and respected men in the gold royalty business... Mr. Pierre Lassonde, chair emeritus of Franco-Nevada. This audio-clip is from a KITCO interview Pierre had with David Lin,Tuesday September 15, 2020. At the 3:35 point Mr. Lassonde stated the following: When gold gets to $2,400 there will be a lot of M&A activity.
•1-3 Moz resource acquisition bids will be at ‘Par’
•3-5 Moz gold resources will get a ‘premium bid’
•For 5-10-15 Moz projects... there will be a ‘BIDDING war’.
Last Friday Eric Sprott spoke about Tudor Gold as "multiples of 10 million ounces".
In my opinion, something really big is emerging here. I was involved in the Osisko success story from 2005 to 2014.
With Tudor I expect an even bigger success...