DEG potential takeover target., page-25

Let's Consider the scope
Newmont is splashing out $26 billion for Newcrest
DEG MC is only $2Bil
GOR MC is only $2Bil

Now consider @Netraam's mill pumping out 1.5 mil oz per year for 20 years, leaving 23 years to spend the money!!!

Aus gold price is $3k and our AISC is about $1200
Let's say the avg profit was only $1500 per oz over the journey, then yearly that's $2.2Bil per year or 44Bil in 20

That doesn't take into account GOR profit from Gruyere, realistically the M&A teams may as well look to add Gold Fields ($15Bil MC) as well.

I wonder what gold will be worth in 20 years, and whether the US petrodollar will be king, or whether the world's economy will be split in 2 with a gold-backed BRICS dollar.

Who knows????

But two things are certain:
-an extra $2Bil is chicken feed to the elites in this game
-we are going to need a bigger boat