Another Junior Gold Acquired..$300 per ounceOne of my investments.....DPM.....Dundee ....has just acquired Osino's long-life Twin Hills open-pit gold project in Africa.
Upfront buyout cost is $287 million with construction costs of $410 m US = $550 m in C$.
Total consideration is $837 million CAD.
Production is expected to begin in late 2026.
Twin Hils has 2.94 m ounces in its Measured and Indicated.
In other words, $300 cad per M&I ounce of gold in the ground.
MAE has nearly 700,000 ounces in its M & I .
At $300 cad per ounce, our M&I gold resources would be valued at about $200 m cad.
Anyone following recent gold acquisitions knows that prices paid per ounce is beginning to accelerate, consonant with the increasing POG and future price forecasts.
Unlike NL, Africa carries significant political risk .
And we already have two gold mills acquired for a pittance...
I still have my bids being filled by those , for whatever reason , are selling a certain 5 bagger.
You have my appreciative thanks..