Post by
Potadvisor1 on Dec 13, 2023 4:26pm
For some who are interested pay close
attention to TLG in the next few months. February should have their FS out and with 11.2 million ounces indicated and another 1.8 inffered, it is trading at about 11 dollars per ounce inground.
There is a chart which shows you M&A from 2011 to 221 and how much companies paid for reserves and rescources, what the gold price averaged that year and how many deals were done. The cheapest average price per ounce paid was $33.51 in 2017, there were 12 deals done that year and the average gold price was $1,257. The highest price paid per ounce was in 2021 at an average price of $171. 45 with 7 deals done that year and the average gold price of $1,800. Now what should TLG get for their reserves and resource at OVER $2,000 dollar gold price per ounce ??? Even if you were to get the lowest value per ounce paid of $33.51 when gold was ONLY $1,257, that is still a TRIPPLE from here. Here is a link for those interested.
https://www.spglobal.com/marketintelligence/en/news-insights/research/gold-rrs-2022-m-and-a-price-paid-per-ounce-up-on-high-market-price
So open the link and scroll down and enjoy.
Comment by
Cobalt on Dec 14, 2023 10:15am
CS kicking IVN ... best to have both cheers