RE:RE:Opportunities in NE OntarioJust to add that at one point KL COULD have a potential look at LSG ;
Take note of what was said by PAAS in their Q1 2019 financial report:
LSG was considered :
CLASSIFIED AS A DISCONTINUED OPERATIONS HELD-FOR SALE'' - At March 31, 2019, the Company had a cash and short-term investment balance of $121.6 million, and $165.0 million available under its $500.0 million revolving credit facility. Working capital of $771.7 million included $376.4 million of net assets relating to the Bell Creek and Timmins mines, which are being classified as discontinued operations "held-for-sale" and thus included in working capital as at March 31, 2019. Total debt was $363.1 million, reflecting $335.0 million drawn on the credit facility in Q1 2019 to fund, in part, the cash purchase price for the Tahoe acquisition and to repay Tahoe's revolving credit facility, under which $125.0 million was outstanding at the date of acquisition. Total debt also includes $28.1 million in lease liabilities, the majority of which followed from the application of the new IFRS 16 rules.
So LSG was on the block at the time and nobody came forward to make an offer and decided to to keep and operate this $ 1 B assets bought by TAHOE two year before .
Of course Tony knows the geology of the sector to a point that he should not be interest by an acquisition where the ore reserves are depleting as well as grade .
Period