StockDoc60 wrote: should be worth at Least that much .
If so : 10 Moz x$18 = $180million /170 million shares == 1.06 / share
Not the value that I want but with this management I will take it and move on . Even Sprott and others might do the sane ,,.
of course , that assumes that they can find a buyer !,
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Wesdome sells 3.2Moz gold deposit in Ontario for $57M
Wesdome Gold Mines (TSX: WDO) announced Tuesday that it has entered into a definitive purchase agreement with Goldshore Resources, pursuant to which Goldshore will acquire all of Wesdome’s property, assets and rights related to the Moss Lake project in Ontario.
Following the closing of the transaction, Goldshore will hold a 100% interest in Moss Lake.
Under the terms of the agreement, Wesdome will receive minimum initial aggregate consideration of $57M and will be granted a 1.00% NSR royalty on all metal production from Moss Lake.
The property hosts the Moss Lake gold deposit, a large tonnage-low grade deposit amenable to surface bulk mining methods. The deposit hosts indicated resources of 40 million tonnes at 1.1 g/t Au totalling 1.4M oz Au and an additional inferred resources of 50 million tonnes at 1.1 g/t Au totalling 1.8M oz Au.