It's hard to steer the Titanic..................hopefully since its been sitting at the bottom for awhile, it's cargo is also soon realised to be extremely valuable, and everybody will want a piece, and then also go and see the Antipa movie in years to come.
Great Volume yesterday, but today back to normal
A tidbit from an Australian Article...............I wonder who else was on the site visit ?As gold mining consolidation continues apace, the other deal some believe will play out over the medium term is an acquisition by Northern Star of the $2.5bn De Grey Mining.
Northern Star’s first priority is rebuilding the processing plant of the Super Pit gold mining asset that it owns, but after that attention will likely turn to De Grey.
Which is why many found its presence at Newcrest’s Telfer mine and Havieron processing facility on a site visit in recent weeks curious.
Northern Star sources say it has no interest in Telfer, but it’s very close to De Grey’s assets, so perhaps it was there while on a De Grey site visit as well, determining whether gold could be processed there.
Another Tidbit From me
NST also bgt a tenement close to one of its processing hubs today. paid around $70 - $75 resouce oz, not many oz's and about 45km from their mill.
I'm still working on a bare minimum of $150 oz for ours as a base case valuation.
Cheers Guys, will keep dreaming in the meantime.
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