RE:Knt's bright future Pretium which has some sililarities to K92 taken over by Newcrest. It's around $2.8B with a 25% premium being paid.
The gold miners are heating up. The large miners have to takeover to establish large reserves otherwise it becomes a failing business model. We will see more takeovers soon.
K92 is higher grade with currently a similar resource (but pretty soon larger) and a significantly lower AISC. You can do the arithmetic. K92 at $3b within 15 months would seem on the cards especially as gold ressumes it's flight up.
Inflation at 8% now and unfortunately fertilizer is going up in price rapidly. Energy and food are now baked in for providing inflation for the foreseeable future.
Have a read of Michael Every. He is a pretty smart cookie...
The Fed won't stop QE and if Powell gets turfed by Brainard expect huge MMT and a CBDC.
Good for gold. Good for miners.
https://www.zerohedge.com/markets/rabobank-we-all-know-if-stocks-slump-fed-will-boost-qe-push-them-back