Anyone buying at these levels is guaranteed a massive profit IMO. I have never seen the gold M&A landscape so bullish at it is right now. Mid to large cap companies with decent cash position and future outlooks are trying to shore up as many ounces as they can as solid gold deposits get rare due to the issues with exploration funding in recent years. Therefore, any decent deposits are going to have multiple interested parties. We know PRU are interested but for a likely 10M+ oz gold deposit there are definitely other companies following this closely. IMO it is a blessing that the exploitation permit is still outstanding so we can hopefully get a decent share price run along before the major offers come dropping. We know with the bullish M&A landscape, companies are all expecting much higher gold prices in the years to come.
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