RE:RE:RE:Comment on the daily delusionNo surprise consensus opinion is abx has no interest in sbb. They are too busy with their perennial annual non recurring writeoffs from some godforesaken property everywhere on the globe EXCEPT Canada. Anybody keep track of how many multi Billion writeoffs they've had in central/South America, Africa, Asia? Any continent other than Antarctica left for them to blow Billions? So I doubt Bruce or any of the major shareholders are even remotely concerned the incompetent gazoos at ABX are too busy to bother with anything in Canada. Better they focus on PPP ....Pakistan and PNG and Peru. Poor Peter munk must roll over in his grave every time Bristow speaks. I welcome the SBB progress reports as construction gets up to full speed, and new drilling is reported.
AlwaysLong683 wrote: PianoMan wrote: The easy takeover time is over now with the financial deal. Now you need to deal witn numerous players. I usspect majors will let it un , let SBB take the risks, after GOLD is going nowhere for a few weeks.
Agreed. Since SBB has already made the decision to build a mine themselves and entered into a number of contracting and financing agreements for the build, odds are potential suitors will likely wait until SBB finishes the build and starts pouring gold before taking a serious look at acquiring it, thus letting SBB sleep in the bed they made for themselves by covering any cost over-runs, delays, etc. themselves. However, an existing producer may buy it if SBB experiences trouble during the build and can be had at a cheap enough price. AEM already has two producing mines in Nunavut, so they may be the most likely potential buyer depending on whether they are in the market for a company at SBB's stage in the game, want a third mine up there, and what it will cost them to take out SBB.