RE:Kryptonite To Producers Yes, well I looked at the grades again and they are decent when you compare to detour open pit and IAM gold. Dave P can drill for another year ... I suspect we will see a 3.00 offer in a week or so with a breakup fee... then another offer to 4 from someone large ... if someone picks up PRB and 03. They get :
- 12-14 million ounces open pit and underground to around 16 million plus ounces.
- exposure to Malartic with 03 recent results decent grade open pit similar to what is there now.
- 20-30 years of resource life
- gold at 2625 u.s. spot today will get above 3000 in the next 6 months
- safe Val Dor mining jurisdiction
- 4 bucks is cheap but under a billion
- gold is not going down anytime soon or central banks wouldn't be buying.
it will be before Christmas ... 3 is for sure 4 is maybe 5 well. Who knows ? Whoever gets in now gets a for sure "double" .... without the 7 year itch !
GLTA