Prices paid is going up rapidly .
Another Junior Gold Acquired..$300 per ounce
One 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.
Having reviewed exploration results todate, it is not a great stretch of the imagination to consider 3 million ounces for Atlanta has being a reasonabke resource outcome here once the 43-101 is updated.
In a very safe region unlike Africa .
So, NKG being a $2 per share outcome is not a mere wish list..