Kinross purchased Aurelian Resources for 1.2 Billion - and I believe they had 13.7 million oz's proven at that time...click...click....that works out to be about $87/oz - in a country that has/had a very unstable mining enviroment.
I know they were not in Canada....but it does make for an interesting data point in the numbers game.
5M * $87 = $435M
435M/139M shares = $3.19 share price
Will it be 2.5x, 5x, 15x, somewhere inbetween or something more on speculation hype...whatever it will be, it sure looks like it is going to be a fun ride!!
Kurt