big boys start looking at african explorers?, page-35

Interesting analysis...

Here is another ..............................

Kinross bought Redback...for $7.1b they bought (approx)

6.5 M ozs Meas and Ind Resources @ 1.8 gpt Au
1.5 Mo zs Inf @ 0.86 gpt Au

Put this all together and they paid $880/ozs.

Really ????

What did they buy. Scale +upside.

What was not on their calculator buttons was the upside?

Good call or not................?

AMX is worth what?

per M and I + Inf ? + Upside.

AMX is less than $80 per total JORC resource oz

Upside = .....

Look at the transaction and think. Scale, grade, margin, upside......

AMX discovery rate 1 m ozs per year
AMX discovery cost $10 per ounce...

These are interesting times, ...

Rumour has it that the founders group have not sold much at all.....

Who is selling, and who is buying....

and why....

who are jumping off of cliffs....why