Post by
JCSunsfan on Aug 18, 2024 1:55am
Goldfield/Osisko buyout
https://www.juniorminingnetwork.com/junior-miner-news/press-releases/1325-nyse/gfi/165453-gold-fields-acquires-osisko-mining-consolidating-ownership-of-the-windfall-project-and-surrounding-exploration-district.html
That is 50% of Windfall--a project estimated to produce 300k oz of gold per year. And 50% two other projects without production estimates yet.
The price is C$2.16 bn. Shareholders are getting a 50% premium.
Seems to me that 100% of NP would easily be as valuable as 50% Windfall. Some of you probably know these situations much better than I do. I have no idea how much of the valuation the other two projects are.
I think the point is that a thumbs up from the tribe could make a huge difference in SP. Seems to me that the best move would then be to sell NP to a gold miner and use the proceeds to remove debt and/or finance Yellowhead.