RE: Possible / probable Hav buyout13 Jun 2020 12:22
Stellar post again Tig. That working relationship may be what drives us forward. They may already have a plan. Just need to get the right data to make it happen, to the point that Scally is a JV app on similar terms.
This is the fact, I refuse to speculate on here. but i am off to the fag packet calculator.
$804m for a mine that is alleged now to have 20m oz (Newcrest website today) so last year, it was 40m per 1m/Oz
"Red Chris is a copper-gold porphyry mine with an operating open-pit mine and Mineral Resources of 20 million ounces of gold and 13 billion pounds of copper1 . The acquired property comprises 23,142 hectares of land with 77 mineral tenures, five of which are mining leases, and which sits within the traditional territory of the Tahltan Nation"
page 193 "Proven and Probable Reserves • 185.4 Mt @ 0.414% Cu and 0.325 gpt Au, excluding processing of stock-piled material • 276.0 Mt @ 0..349% Cu and 0.266 gpt Au, including processing of stock-piled material • 2.123 billion pounds of Cu and 2.362 million troy ounces of Au in situ • 1.85 billion lb. of Cu and 1.19 million ounces of Au contained in concentrate • 1.1:1 stripping ratio, after reprocessing of stock-piled material "
There are scores of threads discussing that. But to save you searching, it will be a heck of a lot more than one ,and maybe a bit l less than 50, but who knows.
Well if they use the Fag packet calculator that some awesome person has put together, (Thank you, if you see this!!) it's spat out £21,003,069.70 for GH, at 68,750,000 shares held.