RE:RE:You go to bed with theoreticallyWe should wait for the coming annual results for cert . The 2 head leach will well improve the margin the next months.
About the merger , it could be a good move . From what i see:
Dilution is very limited .( Just to save the voyager soldier from immediate heavier dilution )
Mont Sorcier is a solid project . 43% irr after t . As for now same capex ratio vs mdc based on the lom .
( despite 2/3 of the costs are for transport) . Tiers 1 juridiction.
Brenan is the big boss behind . No dil for him.
Sprout is absent here .
I don't know if glencore is a real friend here.
One thing i am sure of , is mdn can be sold few years ahead to help the capex .
May be cert ccould lose some premium by mixing gold and iron.
That said , all this business is totally undervalued . We will see some vone shareholders selling after the merger , but as always once the financials released for both mont sorcier and especially mdc , the stock will take off .