Post by
damianchosenone on Apr 22, 2019 1:07pm
21 million offer coming
Heard a group is making a 21 million bid and finishing letter of intent next few days. Heard that there will be at least 6 offers! Let's see if it happens!
Comment by
LeftBook on Apr 22, 2019 2:57pm
Damian, do you mean $21M for the development property ? Dufferin was worth $16.58M in June 2017 before bulk sampling. PwC effectively lists it at $25.65M as of Dec 31 2018. At $15/oz the exploration properties are worth more than the $1.28M on the books. Tangier $4.9M Forest Hill $2.6M There are potentially $20M of tax credits.
Comment by
kenmar on Apr 23, 2019 8:02am
21 million offer? You mentioned a 15 million offer before. Where are you getting this info from Damian? This is not just info that's thrown out there for anybody to hear. Companies keep details to themselves to avoid giving competitors an advantage.
Comment by
damianchosenone on Apr 23, 2019 8:56am
The 21 million is Canadian; 25 million usd. I just heard a company wants to do that doesnt mean it will materialize.
Comment by
damianchosenone on Apr 23, 2019 9:47am
Sorry; meant 21 cad us 15 usd