DGR 0.00% 1.0¢ dgr global limited

Solgold takeover price-$19.5b-Macroaxis, page-54

  1. 643 Posts.
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    This is a non-sequitur . The chart in question shows the average grade of various comparable deposits, and also shows the much higher grades of some of solg's intersections.

    This is a completely different topic from "the average per/oz buyout price for properties lately".

    It does show that solg is above average, at least in terms of having higher-grade starter deposits which could be sub-level caved or even mined selectively, which will help us get an above average buy-out price. But only in that regard is it distantly related to the broader topic of buyout prices. If the chart was more detailed it might show the high-grade sections of all those other deposits, and there'd be plenty more diamonds to the right of the page.

    If the lse forum disagrees with Kitco's $40 number - and they actually haven't really talked about it - then Kitco must be doing something right because that forum of full of novices who are in solg through dumb luck, (and indeed good luck to them all.) There are a few sharp cookies there, and they mostly don't post much. I did read somewhere recently that this year's gold co buyout prices have been going at more like $60/oz, what with the upturn and all. (I ah, will have to get back to you for the link on that one.)

    But overall such average prices apply to the world of average deposits (average profitably mine-able deposits, that is, i.e. 1% of all deposits that get explored.) Cascabel promises to be a vastly above average deposit, and as such it's harder to put a price on. It's like if you're selling a 10-year old Camry you can get an accurate rough price to sell it for based on the dozens of such that sell every week. If you're trying to sell a 1930's Bugatti then averages are no use because so few come to market, you can only have a more vague idea of it's probable selling price.
 
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