What Would NFG Buyout MAE For ?They paid $20 million for 100,000 Inferred ounces for LAB 's Kingsway this year and assumed $9 million in exploration expenses.
LAB has no mill or any infrastructure .
MAE has over 900,000 ounces mostly in the Reserve and Measured and Indicated categories which are valued much higher than Inferred which is not included in economic analyses.
$300 million I would quickly reject..