Post by
Krammer000 on Oct 24, 2024 12:08pm
In my opinion
I think Newmont or another major, that's want in to the Golden Triangle, needs to put in a bid on AMK. Owning 20% of Treaty Creek is a great start. With no dilution. If Treaty Creek isn't bought out yet and going to Mine production, 20% of the cost to build a mine is cheap ( relative to other other CAPEX in the area ). Let's say major bought AMK $250,000,000.CAPEX was $1,200,000,000 and AMK share would be $240,000,000. That's a $490,000,000 all in investment.
500,000 AuEQ ounces per year at todays gold price of $2750 is $1,375,000,00 - 80% = $275,000,000. $275,000,000 AMK share per year. $490,000,000 investment and in year 2 $550,000,000 AMK share. I know this is back of the napkin numbers but it gives you an idea of the rate of return AMK would get. Year 3 your in the money!!!!!!!!!!!!!
To me this is a no brainer. Come on Newmont now's the time to get involved.
Comment by
Jetstream1281 on Oct 24, 2024 12:17pm
IMO they should by all of TC....then hold Rudi hostage....sell or sit.....we've got at least 17 and more likely 30+ years to wait you out...how much time do you have?
Comment by
Nikolazen on Oct 24, 2024 2:05pm
According to that news token will be listed tomorrow https://biconomy.zendesk.com/hc/en-us/articles/38996245915929-Biconomy-Will-List-Nugget-Trap-Gold-Token-NGTG-for-Spot-Trading