RE:RE:RE:RE:RE:Buyers Cmon be realistic!! I would love to see $30 a share! I'd be able to retire before 50 and buy a yacht to cruise the oceans alongside Cynthia and her husband LOL
$30cdn /share x approx 260 million outstanding shares eqates to roughly $8Bcdn or $6B USD
"Barrick Gold reported $4.44B in Cash and Equivalent for its fourth fiscal quarter of 2022"
https://tradingeconomics.com/abx:cn:cash-and-equivalent
Newmont cash on hand for the quarter ending December 31, 2022 was $3.757B
Franco-Nevada cash on hand for the quarter ending December 31, 2022 was $1.197B
Agnico Eagle Mines cash on hand for the quarter ending December 31, 2022 was $0.659B
No company would empty their cash reserves to buy out another company.
Recent buyouts have been around $300CAD per oz of gold reserves.
LME could fetch a premium due to :
*proximity to infrastructure and labour force in Beardmore, Ontario
*favorable jurisdiction compared to foreign countries which are threatening nationalization, tougher mining laws such as Mexico, Peru etc,
*relatively shallow open pit resource means less costs
*good relations with local indigenous people
Say we get $350cdn/ oz at 5M oz resource is roughly $1.8B CAD/1.3B USD thats almost $7CAD share....10M oz would be $14/share ($4B CAD/2.6B USD). It may take a few years of gold being >$2000usd (and keeping their costs low) for gold majors to have enough cash to buy our LME.
OR perhaps it NOT a gold company that will buy LME....hmm