posted on
Jun 11, 2010 09:31PM
G paid $1.5 billion for GEA's adjacent Bruce Channel deposit for what was believed to be ~7.3 million ounces. SKP is trading for $54 million. I guess if you compare apples to apples, when SGR is valued at $33 billion, they'll be able to float SKP a cheque for $1.5 billion. That's a 28 bagger for SGR and a 28 bagger for SKP from current mc levels. What a coincidence.