RE:RE:RE:Great news, more $ for div, Buyout of Wallbridge etc There are terms and conditions in existence with regard KL and WM ownership of the Detour East(DE) property but nothing in the way of a deal between KL and WM on the entirety of WM. For WM, DE is a relatively small part of their massive land holdings in Abitibi.
If DE drill holes continue the vein read out numbers of Detour Gold Mine AND Fenelon's numbers come out to be substantial, KL might pay Sprott's $6 number becuase WM already has known Martiniere,and Bug Lake gold deposits plus the Grasset NI deposit. The WM potential resource strength is quite high even with the large WM share count that you mentioned.
Buying WM would transform KL back into a real gold growth story and the story would be based almost solely in the great jurisdiction of Canada. Since 2 out of three of KL's great mines Detour and Macassa are in Canada, adding Fenelon plus later Martinere and Bug Lake wouldmake great good sense for KL.
I will be happy if WM stays independent because the Fenelon mine should be quite rich. Once WM has Fenelon up and running they can turn their attention to Martinere, Bug Lake, Grasset and a sizeable number of other prospective targets. Look carefully at WM's land package and you will see what I mean.
WM CEO Mraz Kord has taken a $3.5 mil purchase of Fenelon from Balmoral and turned it into a real powerhouse precious metals company. I am sure KL's CEO who sits on WM's BOD recognizes what CEO Kord has accomplished.