RE:Future profits Dipdip wrote: If the merge/takeover goes through and both properties are developed into mines,
at todays prices are we not looking at $250-$300 million profit annually . I'm ok with that .
Agreed, your figures seem reasonable, even conservative as long as current gold prices hold. For gold at $2500, in the latest September presentation, Nextgold reports an estimate of Annualized EBITDA and post-tax FCF of C$264mm and C$195mm in first 5 years of production. Since the two mines have relatively the same potential, if they were to be mined simultaneously (which is not a given), we could expect EBITDA of over 500M and FCF of around 400M CAD for each year. But I doubt that we could finance both projects at the same time, unless at the cost of excessive dilution. What do you think?