It is absolutely on topic Sol1 A Barrick Newcrest combination would be capable of taking over Solgold whereas Newcrest would need to stretch its balance sheet for a 2 billion plus takeover and then need to find funds to develop Cascabel and explore the other concessions. The defined and estimated gold deposits within Solgolds concessions are world class.
If Barricks 18 Billion bid for Newmont is successful and they also grab Newcrest they will have a huge balance sheet to gobble up companies capped over 2 billion.
Many analysts are saying 2019 will be a year of mergers and takeovers in the mining sector. I am hopeful DGR can realize their SOLG shares for conservatively 60p-120p putting AUD200-400mill in our treasury which then transforms us into a self funding mining company factory capable of paying annual dividends and pushing the price above 50p
Update on IRR from the LSE blog, page-11
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