Solid foundations. New horizons.

Free
Message: Almost One Year Ago...

There is ana option to sell PRB-Au off as a separate entity and we would deal with PRB-Cr suitor separately. At least the market would see clearly 2 chunks and they can pick up whatever that would stike their fancy.

I kind of prefer selling PRB-Au when it's deposit heading close to 10 M oz. I am looking at TRR (practically our neighbour) with its sale price of $565M for the deposit of 6.8 Moz Au (grade around 1g/tonne, similar to PRB-Au). Take $565M and assuming everything else the same as a reference case...That means 565/74 PRB Cap = 7.6 almost a 10 bagger just for the gold subsidiary. We have not even touched the Cr.

Perhaps Mark and/or somebody around the Toronto area should invite yourselves for a little tete-a-tete with Dave when there is an opportunity. You can even offer him a beer. This would be on me when we wrap up this approx 10 bagger. In fact, one round from me to everyone as long as the group is less than 20.

goldhunter

Share
New Message
Please login to post a reply