Recent M & A Price to NPV is 0.81This is from Great Bear Corporate Presentation
Select Canadian Gold M&A Precedent Transactions2
0.89x 0.83x
(P/NAV)
0.66x
Battle North / Evolution Mar-2021
1.10x 0.61x
1.27x
0.85x
0.61x
0.57x
Average: 0.81x
Average: 0.65x
0.60x
0.68x
0.61x
0.39x
0.46x
GT Gold / Newmont Mar-2021
QMX Gold / Eldorado Jan-2021
TMAC /
Agnico Eagle Equinox GoldArtemis Gold
Select Tier 1 Precedent Transactions2 (P/NAV) 1.78x
1.31x
Premier /
Jan-2021 Dec-2020 Jun-2020
Blackwater /
Red Lake / Evolution Nov-2019