Post by
TheRock07 on Nov 17, 2010 3:27pm
Ventana gets $1.5 billion TO offer
This was announced today.
It has 3.5 million oz in its 43-101 for its undeveloped gold discovery in Colombia ,plus another 1 million oz in copper equivalent.
This works out to over $300 per oz of contained gold in the ground.
This is the highest takeout price that I have seen,for a gold deposit that has not been developed , but has a scoping study.
Leprechan is expected to yield 3 million oz ,when it is fully drill defined.
Do the numbers.
That 43-101,due out within the next 3-4 weeks, is going to be over the 1 million oz level , and thats just the beginning.
A scoping study will shortly follow and there is no reason why it should not show a low cost mine producing 100,000 oz at very low cash costs..