RE:RE:RE:there is a hit piece on treaty creek by crux investorsRe: Price of gold in the ground:
The takeover of Marathon by Calibre mentioned in the FRC article was $345 million for 5 million oz. Au. More than $65/oz. The buyout of Osino was for $368 million or >$100/oz for about 3 million oz. Au. The Osino grade is just over 1g/t. The Marathon grade was under 2g/t.
These were two smaller projects in terms of Capex opex and mine life. Marathon is about 1/2 of the gold in CS-600, OSINO is about 1/3.
Not saying TC is worth $65 or $100+. Am saying it's worth a good deal mote than $9