Generation Mining Ltd T.GENM

Calculations

[tarsands]

https://www.implats.co.za/downloads/2006/annual_report/review06/aquarius.htm

Same production profile once we get up and running of approx. 222,000 ozs and that was the best yearly production.

And yet Sibaneye Gold bought them out for $294 million dollars US in get this Oct 2015 when Palladium was approx. $550 .

Now its 5 times that amount for palladium.

https://www.mining-technology.com/news/newssibanye-gold-acquire-aquarius-platinum-294m-4687598/

So the calculations are :

$294 million US is $365 million Canadian.

5 x $365 million is 1.825 Billion Canadian

We own 80% of that $1.825 Billion or 1,460,000,000 or $1.46 Billion Canadian.
 

so lets assume taking the cost of the mine off of that 1.46 Billion Dollars and we have

1.46 billion - $665 million and we have a total of 795 million dollars which is roughly $5.25 per share.

What do you all think would you take a buyout of say $5.25 for your shares?

It would certainly make me think fast and probably hit the sell button!

The potential buyer gets a  cash cow, and we run off having done really well as shareholders.

[JAUBE123]

Of course $5 would be amazing . I think $3 range Is most likely . My personal opinion is they're going to buy it out. It doesn't make good buisiness sense for Sibanye to foot the majority of the bill for only 51% when they can probably buy it all for $350-500mil and make deals for management to stay on if they want their help. Or are they doing their proper due diligence to make sure they

[Ivorygull]

Management, ie Kerry and Jamie are not interested in working for Sibanye.....with them yes. Kerry said this was his last time around (mind you he has said this four times now) and isn't getting any younger. They want to get as much as they can for it, so I'd think they'll want more than a $3 range. And they need money to see what's at Darnely Bay.

[tarsands]

$3 per share what only a triple, I would have too think about that! Anyways the part someone brought up about letting this die on the vine. Because they do not want it too come into production! Well the only real way too do that is too buy us out, and then shelf the project . JMO/ Or buy us out and then sell it too someone else for more? Also is a list of 5 of the biggest producers, so who