RE:$45 m US for 51% small advanced gold deposit Paying at least 300 m remembi ( $45 million US ) for 51% of a 350,000 ounce resource in the ground with a LOM of 5+ years and a payback of less than 10 years .
Thats about $250 US per ounce in the ground which values values our 2.7 m ounces at over $700 million US ..$1 billion in CAD...and we are already producing cash flows.
It just shows how undervalued MJS really is
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"We would consider acquisition targets that fulfill criteria including, among others, (i) within Shandong Province;
(ii) either open-pit or underground mines with potential gold resources of at least 10 tonnes ( 350,000 ounces ) and a depth of less than 1,000 metres for better economic benefits;
(iii) has LoM of over five years after commencement of operations (excluding mine construction period);
and (iv) has payback period of less than ten years.
For acquisition target that is a mine near commencement of commercial operations,
we expect the acquisition cost for the mining right to be high as we expect such mining asset would have a valid mining licence of over two years, valid land-use-right and related mining infrastructure (including an ore processing plant) ready for use.