RE:RE:RE:RE:Gold in the ground "gold in the ground is 200 plus in this jurisdiction at the current gold price minimum proably higher"
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Can you give me an example of where gold in the ground was valued at $200 plus in that jurisdiction?
I was trying to figure out what it was worth. And the only comparable I could find was Marathon a year ago when the acquisition closed. And they were valued no where near $ 200 per ounce. Despite being fully permitted... having already invested close to $400 million towards building the mine, and a year away from producing.
So where are you getting your values of gold in the ground in that jurisdiction? I can find a few in Newfoundland that have not been taken over, and some of them are valued at closer to $15 per ounce. I know... but you are close to the highway and infrastructure.
What is a better comparison than the MOZ takeover?
Or, as you said to me earlier. Are you just making up numbers to suit your argument?
I see zero indication at this point that no matter how much gold they have it is worth $200-$450 per ounce. And it is so much more complicated than how many ounces. How hard is it to get that gold out of the ground.
I'm not sure of the value. But I'm skeptical of your numbers.
Go ahead. Change my mind.