RE:Breaking newsthis deal is not a done deal yet but if it goes through I suspect the ramifications for the golden triangle will be highly significant...
Newcrest's block caving expertise will have been acquired very cheaply from newcrest
would this acquisition of the block caving technology put the treaty creek and the goldstorm deposit with what is looking to have a block caving potential on the front burner for newmont's next move..
it is too early to tell
Also will newmont pull out of a potential bid on ksm?
I will say one thing the world is changing and Newmont may be seriously looking at centering its operational locus in politically safe and secure jurisdictions like australia and canada
if so newmont could well be followed by many other blue chip mining companies
I wonder what rudy fronk over at seabridge is thinking in this regard....
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the golden triangle may be on the verge of a massive revaluation in the eyes of the world mining community...
hold onto your hats cause we may be in for a wild ride at treaty creek
Teuton's large property holdings in the golden would not go unnoticed in such a revaluation
If newmont can close the deal for newcrest we'll see what hppens fairly quickly -- i would speculate