Tudor Gold Corp V.TUD

Did goldfields pay just over $300us per0z for windfall gold?

[highper]

Did goldfields pay just over $300us per0z for windfall gold?

goldfields already owned 50% of the windfall deposit..... 

so the paid $1.6 billion US for 

https://www.juniorminingnetwork.com/junior-miner-news/press-releases/1193-tsx/osk/154529-osisko-mining-turns-power-on-at-windfall-site.html

TORONTO, Jan. 18, 2024 (GLOBE NEWSWIRE)

The Windfall Resource Estimate, assuming a cut-off grade of 3.50 g/t Au, comprises 811,000 tonnes at 11.4 g/t Au (297,000 ounces) in the measured mineral resource category, 10,250,000 tonnes at 11.4 g/t Au (3,754,000 ounces) in the indicated mineral resource category and 12,287,000 tonnes at 8.4 g/t Au (3,337,000 ounces) in the inferred mineral resource category. The Windfall Mineral Reserve, assuming 3.5 g/t operating, 2.5 g/t incremental, and 1.7 g/t development cut-off grade, comprises 12,183,000 tonnes at 8.06 g/t Au (3,159,000 ounces) in the probable mineral reserves category. 

total resources at windfall 10,547,000 ozs of gold

Purchase price

C$2.16 BILLION

 

GOLD FIELDS TO ACQUIRE OSISKO MINING FOR C$2.16 BILLION

Gold Fields buys Osisko in $1.6 billion US dollar cash deal

ergo goldfields paid  just oer $300 US per oz for the  5.25 million ozs of gold that osisko owned

hallelujah brothers if my numbers bear out

 

[Stockmoves1]

That is a lovely payouy but you do have to take into account the grades on that deposit are extremely high and extremely profitable / we have a massive sized deposit here and it will pay well just not comparable / but size alone at a fair price with the driection Gold is going will still yield a huge lift from where we sit today ..