Well I wish Northstar good luck with the acquisition of deg. They have the financial ability and expertise to build the mine .Something that deg did not have . Its a good deal for GOR as they will make money on thier DEG shares .However in exchange they will receive northstar shares (down today) and would have to sell them to raise cash unless they want to hold Northstar. Northstar is paying a high price for DEG ,almost as much as Agnico paid for detour and they got 30 million ounces and a big operating mill. It was always apparent that none of the big North American miners would buy DEG because of its high valuation. Northstar has 3 producing assets ,two in Australia and one in Alaska .Much of the cash flow comes from one big Aussie mine. It makes more sense for them to buy DEG as its an Australian tier 1 prospect. This project will be highly dependent for its success on the cost of building the mine and the POG going forward.
GOR Price at posting:
$2.04 Sentiment: Sell Disclosure: Not Held
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