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Message: Why wouldn't Agnico want Borden Lake?
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Below was my very first post back in September. The La India resource is now approx. 2.4 million oz. of low grade / bulk tonnage. Mine development is underway. If we compare Borden to La India, what sort of valuation do you think we deserve? If the project proves feasible, I'd like to see minimum $500 million, or approx. $6.73 per share. But, it's still early and the resource has yet to prove its true potential.

http://www.agnicoeagle.com/en/Exploration/Advanced-Projects/La-India/Pages/default.aspx

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Hey all, first time member and poster here...been lurking for a long time.

I was a GRAYD shareholder when they were acquired by AEM almost a year ago to the day for $2.80 per share (or approx $275 million). From what I recall, the takeover came several months (maybe even a year) after GYD released their PEA.

Less than a million ounces and similar grades, huh?

Let's see what Probe's PEA looks like when it comes out. If positive, there should be little reason for PRB to not command a much, much, higher purchase price than GYD.

That said, it's hard to make cents from a senseless market.

Cheers!

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