Goldfields Pays $1300 CAD per Reserve Ounce for WindfallOSK owns just 50% of Windfall , and GF is paying $2.16 B to buy OSK.
Windfall has been looked at for over 80 years which is some indication of the uncertainty of its gold profitability .
Windfall has 3.3 m ounces of Reserves at 8.4 grams per ton , which is from the surface to 1600 meters ....hardly impressive especially for an U/ G mine.
Grades are capped at 150 grams ..about 5 ounces
Very expensive cost and unimpressive IRR.
Not a POS but compared to QWN shallow ounces estimated by simple gram meters model , it is in relative terms a POS.