Have a look at this graphic from Brighstar Resources in their latest company presentation. Average M&A Ev/Oz paid in the above deals was $108/oz. Even if they prove up 1Moz the current market cap has upper level premium already baked in. Food for thought. For clarity, the average excludes the Spectrum deal as an outlier at over $900/oz.
Any ideas who will pay $250+ per ounce for this? Will be interesting to see what the MRE comes out at.
Have a look at this graphic from Brighstar Resources in their...
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