23skidoo
Sounds very nice in theory. I wouldn't complain if that were true.
How far away do you think we are before we find out what if IDC is part of this Porgera sale?
Looking at this article in Reuters below, Barrick is planning on reducing their debt by $3billion from the sale of these mines and probably some other sales.
Porgera produces almost twice the gold of Cowral in NSW but Porgera's All in Costs are $1025/Oz compared to $US740/OZ for Cowral.
Would you say Porgera and Cowral are worth around the $1.5Billion mark each based on discounted future cashflows, mine life, grade etc?
http://www.barrick.com/operations/papua-new-guinea/porgera/default.aspx
http://www.barrick.com/operations/australia/cowal/default.aspx
UPDATE 2-Barrick Gold to sell two mines, reduce debt by $3 bln
http://www.reuters.com/article/2015/02/19/barrick-gold-results-idUSL1N0VT02220150219
