Haven't fact checked you for a while, but .....
I see Goldfields are paying at least C$300M (signing) + C$300M (permits) + C$550M (50% construction of estimated C$1.1B)
= C$1.15B for a 50% share of Windfall:
http://www.profile.co.za/sens.asp?id=449774
So GFI will pay at least Aussie$1.3B - which is more than half our MC - for half of an inferior project
- Windfall has a +7Moz resource (100% basis) - we have 10.6Mozs soon to be updated.
- Windfall has reserves of 3.2Moz (100% basis) - we have 5.1Mozs just at Hemi soon to be updated
- Windfall is planning annual prod'n of +300Koz (100% basis) - we are twice that at +600Kozs.
- 10 year LOM, first production to be in 2025 etc - just like Hemi.
GFI wants Windfall to bolster its ESG credentials, detract from Africa and punt on future resource extensions.
Commentators said the deal was good for GDI, its shares went up, Osisko's went down.
https://seekingalpha.com/article/4599309-gold-fields-acquires-50-percent-windfall-fair-deal-or-bargain
Importantly, the deal says nothing about any possible interest in DEG, by GDI or anyone, actually it just makes us look cheap, as usual the opposite of your attempted down ramps. The issue for any T/O has always been, not that DEG is expensive, but rather who can afford to pay fair Tier 1 market value for our resource/prospects.
ROFL at whoever gave you thumbs and a lightbulb.
GLTAH!
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Haven't fact checked you for a while, but ..... I see Goldfields...
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