Re: Yamana Gold to acquire Extorre Gold Mines: $ 172.50 / in-situ ounce / grades
posted on
Jun 18, 2012 10:31AM
Fair point, Paschi. Cerro Moro is high-grade: 7,4 gpt Au ind. plus 499 gpt Ag. /// 3,5 gpt Au inf. plus 172 gpt Ag./// For 1.35 million ounces indicated and 1,05 million ounces inferred at 1,0 gpt cut-off. /// Nice deposit. Unfortunately in Argentina. Still cheap. XG has 96.9 mm shares outstanding and 106.6 fully diluted. Plus $ 27 million cash. ///
PRB is valued at a fraction of that. /// FANTOMAS