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Message: Kinross acquisition

Kinross acquisition

posted on Nov 20, 2008 06:51AM

I'd like the boards thoughts on this.

http://www.miningweekly.com/article....

5.4m oz inferred. KBX has around 1.5m oz inferred I believe. Valuation payed $250M plus 1.75% royalty.

So, that means we are theoretically worth over $100M right now plus royalties with our current resource. And we're trading at a $35M valuation. It's time to start talking about KBX in terms of valuation rather than share price. A 3-bagger is virtually baked in from my vantage point, and I believe that once gold runs north of $1k, we have a 6-10 bagger on our hands. Good luck to all, and look forward to your comments on the above link.



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