what's the worth of a gold mine in a socialist country ? Only a few weeks ago 1.8 million ounces of proven and probable gold sold in Hounduras and Brazil for 200 million.
Wow close to that magical 100 an ounce fung used as a gauge for the price of LC.
Gold analysts unanimously condemned that deal as poorly serving investors. Refer to the latest FinancialSense.com. Go to "Newshour"....first hour....John Dooty segment for additional information. Dooty indicated that he would be lowering Yamana's 14+ price target as a direct result of this deal. If I remember correctly...Dooty stated that Marrone just happened to be on the board of directors of Aura Minerals...adding a certain foul odor to the deal.
Full disclosure....I own AUY