Highly Accretive Acquisition for Eskay! ESK.V Update: Highly Accretive Acquisition for Eskay! Big news for ESK.V! They signed a letter of intent (LOI) to acquire P2 Gold Inc. (TSXV: PGLD) for $11 million.
Analysts view this as a positive move for several reasons: - Geographic Diversification: Expands Eskay's reach with a project in Nevada.
- Advanced-Stage Project: Acquires a copper-gold project at a development stage.
- Deep Discount: The purchase price represents only 5% of the project's estimated value (US$257M AT-NPV10%).
- High-Quality Resource: P2's project holds significant gold equivalent resources (3.45 Moz).
- Bargain Price: Eskay is paying just US$5/oz for the resource, well below the industry average of US$34/oz. Overall, this acquisition is seen as highly beneficial for Eskay! It offers growth opportunities, valuable resources, and all at a very attractive price.
For more details and analyst thoughts, check out the full weekly market insights report: https://www.researchfrc.com/content/analyst-ideas/post/102/rate-cuts-uranium-financing-silver-pea-bitcoin-trends
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