Roger just posted the below. Even though it would be nice for an immediate buyout a part of me is thinking 1 more drill cycle may align better with the next-year-price of gold - win win: increased results/findings and spot gold on an uptrend...thoughts?
Also, is anyone able to crunch numbers based on the below acquisition and the Magino acquisition he posted about before to get an idea of where we are at in terms of current valuation?
Roger:
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Interesting how the senior Gold producers are getting much much larger. Cynthia and I have personal witnessed this recurring sector trend in every Gold Cycle period over the past 40yrs. Hence, not our first rodeo! I predict that as Spot Gold price moves back towards the $2,000 per ounce and beyond the $3,000 price, we could very well see a $5B and even a $10Billion acquisition transaction within this Gold Super Cycle (2015 to 2025).
Note the $300million 'break up fee' of this transaction.
Cynthia's LAURION Mineral Exploration Inc. (symbol: TSX.V:LME) is very well positioned as an acquisition target within this Gold Super Cycle (short-term). It is a matter of negotiating the maximum price per share for LME's Ishkoday Gold, Silver, Copper, and Zinc mining assets, for optimum LME's shareholder value realization. "
https://www.canadianminingjournal.com/news/agnico-eagle-pan-american-to-buy-yamana-gold-in-4-8bn-deal/?utm_source=feedotter&utm_medium=email&utm_campaign=FO-11-08-2022&utm_content=httpswwwcanadianminingjournalcomnewsagnicoeaglepanamericantobuyyamanagoldin48bndeal&fbclid=IwAR1mDSMTqaZDkpZ_rGSbst_r2sDSpLSVzln5Ar3mnlPOZs_eUcIj2tMt-vU