Post by
redmetal on Jul 06, 2014 11:48am
DM is a sitting duck for a cheap takeover.
Any major can have the whole thing for under $500 million. Includes the deposit and all of the exploration lands that DM has targeted over the years. They first but DM and then take out Anto for $220 million. If the PFS is decent, I see a bunch of companies going after this. A large patient company with deep pockets will grab it for a song. Teck,Glencore,Newmont,Asian consortium,etc..
The last Amec report that was filed indicated that the S3 unit was the only economically viable portion of this deposit. The S2 layer had many issue. I believe that the S3 unit had around 15 years of mine life which is less than most thought. However the area has significant exploration potential.
Its all about the PFS
Comment by
Nazarbaz on Jul 06, 2014 3:39pm
The grade would have been amazing on the ground but it is marginal under ground so this is basically an option on higher metal prices. Given how risk averse miners are at the moment I don't see any one too eager to spend 500M$. Unless PFS suggest something better than what older data suggest!
Comment by
itsalie on Jul 07, 2014 12:59pm
not sure where you are getting 500 million.. any major can have the entire company for 72.5 milion.