Despite comments to the contrary at Denver Gold Forum there was a short article yesterday about B2 still possibly interested in acquisitions following Randgold/Barrick merger. The context was that they might get something that would be divested, however the CEO made the point that they want something they can develop:
Ideally, the Vancouver-based miner wants projects it can develop to produce about 200,000 ounces of gold annually for at least 10 years, as opposed to already-built mines. It seeks investments with an approximate 20 percent rate of return at gold prices of $1,200-$1,250 an ounce, Johnson said."
The only bit WAF doesn't hit is the 10 year mine life, however if the ounces from Toega could be added then the combined deposits would support 200koz+ for 10 years.
B2 stock is up about 20% in the last month. Updated resource for Fekola also due out in the next month with expected major uplift.
Why the sp struggle following pos announcements?, page-77
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