RE:RE:Takeout Talk
Avatar1 wrote: Fast forward to 2024 as this year closes and do the math on >10 million ounce deposit. Your analysis is self evident for even casual observers, as this deposit measures up realistically I also am very confident that many multiples of my investment will transpire by 2024. Had the chance to pick up an extra 20% at these low prices.
Personally I think SGD has a real good chance at a valuation of 3 to 5 times current valuations just based on the Valley discovery. It will certainly be more than 10 million ounces of economical gold in a mining friendly jurisdiction. The metallurgy is very favourable for these types of gold deposits. No surprises with this one. It is very straight forward. You can mine 500k ounces per year for two decades and be very profitable just on the Valley discovery. This is a no brainer.
And all indications are pointing towards a similar discovery at Gracie. And all of the other properties have so much potential with dozens of high quality targets. They may spin-off this asset (Rogue property) into a separate entity or they might decide to sell it all for the right price. If I was a CEO of a major gold company I would definitely be taking a hard look at this one.