Post by
RollingDice on May 27, 2014 3:39pm
I can't believe I forgot to mention this
Mr. Laing should be in Canada for the PEA release right? But he's not... turns out he's in China. Now why would that be?
Comment by
peter234 on May 27, 2014 3:43pm
I hope that no buyout agreement is already in place. Maybe that's why the sp has been kept low for a while. I've been waiting for a long time for this. Looking for nothing less than $4.
Comment by
ShipitIndustries on May 27, 2014 4:00pm
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Comment by
peter234 on May 27, 2014 4:07pm
Thanks Shipitindustries. GLTA. I think this should be good considering they have 10 million oz of gold. using industry average of $800per oz extraction costs and also a startup mining cost of $1 billion, this should be worth around $2.5-4 billion. And not counting the copper and silver in it. I don't know what a good buyout price will be? anyone? Or is my valuation incorrect?
Comment by
birch1 on May 27, 2014 4:33pm
Yeah, I would hope they would shop it. Laing has said they had a number of interested parties, so it makes me wonder. I'm not sure we have much say because Aura now holds controlling interest.
Comment by
thepbay on May 27, 2014 3:45pm
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