The big miners are picking up high quality gold assets. In 2018, Northern Star Resources’ (ASX:NST) bought the 10 million ounce Pogo mine in Alaska for $347m.
This is out of Stock Head.
NST is worth 10.5 Billion now. $10,584,159,886
RML MC only 18mil.
A Take over offer of 350mil would be on the cards if we strike the shinny stuff.
350 / 18 = 19.44
19.44 x .082 = $1.59
I know NST have other interests besides Pogo but I think Pogo is by far the most profitable.
I'm going to hold these and dream on.
Ann: Drilling Update - 64North Project Alaska, page-33
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