OTCQX:QEXGF - Post by User
Comment by
HornbyBayon Mar 15, 2021 8:51am
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Post# 32797170
RE:RE:Over $1 When Castle Drilling Announced?
RE:RE:Over $1 When Castle Drilling Announced?G - Newmont’s acquisition of GT is a game changer for Questex. Newmont didn’t spend $450M+ not to build a mine ... and, for the amount of capex for a mine in the GT, newmont needs a long mine life. The feed from castle could potentially extend the life of a tatogga mine many years ... as a very profitable operaton. Bottom line - newmont Is probably going to acquire castle one way or the other. Because newmont has already tipped its hand, questex management has some leverage to negotiate a good deal imo.
Disclosure: I own shares of the companies mentioned, just my opinions, not investment advice.