Snowline Gold Corp V.SGD

Retired Geo

[Lookingforclues]

I do understand that that it will be sold....
But is has a few probs......
No Hydro.....Anywhere in 'sight'!
And a Mill will have to developed......Big BUCKS for both.  Takes away selling value.

[Retiredgeo]

10,000,000 ozs times $2400 USD/oz = $24 billion USD metal value ($32 billion CAD). If SGD gets a buy out of $10 CAD/share that is a puny $1.69 billion CAD.  Whateva! It is not a problem building a big multigenerational mine from scratch in the Yukon/Alaska.  It has been done before.

[AlwaysLong683]

The only way to establish how many ounces represent proven and probable reserves is via a Feasibity Study. I don't think SGD will ever conduct a FS at Valley or any other site. SGD recently provided the following Mineral Resource Estimates at Valley: Inferred    3.3M ounces Indicated  4.1M ounces Measured:   0 ounces I suspect SGD's goal re. future MRE

[Lookingforclues]

But when will that be?! 10 years...... And don't forget the Powerline....mega bucks! I take it u listened to RR. Positive but when?  And some 'pundits' have a Hold on it for now.  

[Retiredgeo]

I do not know when a buy out will come.  This year's exploration will flesh out more of the Valley deposit.  Once they have a definitive number one of the big boys might take them out thenafter. I listen to Rick Rule but I don't take him too seriously.  He is far too negative and jaded for my tastes.  Yeah Yeah the world is going to hell.  What else is new

[megacopper]

  Excellent post. There is tremendous value with Snowline so either the company will be bought out entirely or the Valley deposit will be sold. The value is there so a deal will get done eventually at a much higher valuation given the huge in the ground metal value at a very good grade. The issues with the Victoria landslide will get resolved and it will be business as usual in the Yukon.

[4marlin]

I think that the company will sell deposits/parts of their portfolio off rather than the entire company. Hostile bids will be defended robustly....imo Bb

[Lookingforclues]

Yes, but the Gov't is already looking at increasing "Restrictions' and you know that those will be costly! This is going to be a Costly buyout whichever way they go!