Core Gold DMMIF

copper duke

[wealth2015]

litle DMM history refresh to show new investors how much did market value $$$$$ potential of small portion of DGF named Copper Duke. One of the most powerful investors in resource world, Frank Giustra was ready to pay DMM more $$$$$ than CGLD market cap today. Due to finncial crysis in 2007 deal was never closed. From news in 2007....SBI will issue the Company 51 million common shares, raise $6 million to continue exploration on the project, and pay the Company a 2% net smelter returns royalty on all minerals extracted from it. Haywood Securities Inc. has agreed to act as agent to SBI, on a best efforts basis, in respect of a private placement of 10 million common shares at a price of $0.60 per share. Upon closing and following the required financing, the Company will own approximately 60% of the issued and outstanding shares of SBI.

Ian Telfer, Chairman of Goldcorp Inc., advised SBI in respect of this transaction and will advise on the continuing development of the company

[Tapps88]

Rio Tinto paid 16 billion for some ordinary coal company too that can never be developed. That same asset cant fetch $50m now.  We can pick crazy numbers and Copper Duke has genuine interest and no doubt potential but without serious dollars spent you wont drive value.  Sol Gold has spent about $125m to get their valuation... it takes serious work and money to create value. Not just a

[RRBC2019]

It is not quite right Tapps88 but your point is correct. Pre GFC Rio Tinto paid $40B for the Aluminium company Alcan. It ended in disaster for Rio. Complete write down! In addition the coal company Rio bought was for $4B...called Riversdale, but they wrote it down to negative -$9B. Hence why the former Director Albanese got grilled over it by the SEC. So reporting numbers pre GFC is meaningless

[Kenny2Dogs]

Here here to good times ahead RRBC2019!! Let Pre GFC return to save us all but cash out before the headwinds arrive. Kenny2Dogs wants to see money money money in 2019/20.