Post by
GoldBelt on Feb 13, 2023 9:55am
Buyout estimates
Sabina just got bought out by B2Gold. Works out to around $23 per Oz Au in reserves... 3.6 M reserve $824 M usd. If LME is bought out, this has been the going rate in the recent deals.
Comment by
GoldBelt on Feb 13, 2023 9:56am
...obviously being in Ontario with closer infrastructure and easier to mine open pit deposit should warrant a higher price per Oz price.
Comment by
GoldBelt on Feb 13, 2023 3:22pm
Oops yes error... meant to type $230 not 23
Comment by
DAM$ on Feb 13, 2023 11:18am
$824 million \ 3.6 million ozs = $230US / oz ($300 Cdn) $3-5 billion Cdn for LME's 10-15 million ozs = $11.50-19.00 per share