M3 PEA due any day, results will determine merge oppportunitI think an initial heap leach will be the recommendation.
The only Yukon miner with recent experience to process through YESAB, finance and build is Victoria Gold.
Victoria Gold recently refinanced the Eagle construction debt with senior banks. The relationship build is evident.
Tara Christie is married to John McConnell.
Pierre Lassonde (Chair Franco Nevada) recently suggested a combination of juniors creates real value. Franco Nevada has the Eagle mine royalty and would be an obvious royalty holder for Casino.
Newmont is valuing the GT Gold acquistion in NWBC at $536 mill (100%) for a similar prospect at least five years behind Casino in development. Newmont with a 50% interest in Galore Creek and 100% of Tatogga and Newcrest with 70% of Red Chris and other NWBC prospects are sending the message they like Canada. Really deep pockets for both will make sure the Casino bid is fair.
Bottom line, A new Yukon Canada gold and eventually copper miner may be a huge value creator following the April 12th Yukon election.
Both WRN and VGCX are super cheap now like Lassonde infers. A combination will be major mining news.