thank you @brianchu82. I was comparing the Northern Star...

thank you @brianchu82. I was comparing the Northern Star acquisition to understand the evaluation.

		50% KCGM	DCN
1	Market cap	$1,176,470,588	$320,000,000
2
3	ounces per year	295000	170000
4
5	LOM	13	8
6
7	AISC	$1,550	$1,450
8
9	Price	$2,000	$2,000
10
11	Earning /year	$132,750,000	$93,500,000
12
13	total Earning	$1,725,750,000	$748,000,000
14	Total Earning/MC	147%	234%

For the sake of comparing just the numbers you need to multiply DCN MC by 50% to get the same return excluding production upside and LOM increase by Phoenic ridge. Now if I multiply the SP by 1,5 the result is 2,1$. IMO 2,1$ is the min price for a TO bid or it will gradually get there excluding other mess up.

IMO IMO....HOLD TIGHT