RE: OMI 18p++++3 Oct 2018 20:25
shelleymarie,
$1 Billion is about right i think.
NEWMONT themselves paid US$1.5 Billion for 10.7 Moz when they bought 'Miramar Mining', for a Gold deposit that was located in way up remote Northern parts of Canada........valued it at approx. $140 per oz.
Scale it down to approx. $100 per oz at todays Gold price......however Gold price forecast for next year is $1700 / oz by both JP Morgan and Deutsche Bank. Next forecast is quoted at $1450 / oz.
NEWMONT will chase 'High Grade Gold' deposits, no matter where they located.