So I thought I’d play around with some more numbers that we have been speaking about.
Captainpooby mentioned that Osisko had already put $1 billion into Malartic, exploring, then starting up and running a mine, and GMAN100 had alluded to the fact that producing mines tended to get the best price. That is where I made my mistake with my initial calculations on what the share price could possibly be, totally stupid on my part.
Anyway lets review my equation from the Malartic case……10M oz x $350 = $3.5B
That is, they were getting $350/oz but, it included the aforementioned mine and everything working hunky-dory. So let’s give 3 other equations in 3 scenarios here, from a majors perspective, coming in to buy us out:
1/ We don’t include $1 billion because that’s what it’s going to cost us to get going.
10M oz x $250 = $2.5B………….GBR $47.76/share
2/ We don’t include $1.5 billion because that’s what it’s going to cost us to get going and inflation keeps us up at night (or is that gas).
10M oz x $200 = $2.0B………….GBR $38.21/share
3/ We don’t include $2 billion because that’s what it’s going to cost us to get going since we are a bunch of crooks and don’t give a rats azz.
10M oz x $150 = $1.5B………….GBR $28.66/share
Just numbers, but interesting results based on an actual takeover of a property that we are often likened with. And that was for just under 10M oz.
Let the bidding wars begin……………….after I get the house sold and my own place mortgaged to the hilt…….LOL and Chris and the gang finding a sh1t lode more gold!!