Here's another takeover, actually its an acquisition of a tenement.
NST buys a tenement off Strickland (STK) for, wait for it....
equivalent to $61m for a MRE of 6MT @ 1.8g/t = 346,000 oz ....
LOL $176 per oz....................and its 30 km away from NST Jundee Mill.
Who do you know that has a tenement with 1.8 Moz at 1.6 g/t sitting 35km from the NCM Telfer mill
$176 x 1.8m oz = $ 317m
you got to wonder
I'm staying the course
Recent Gold M&A in Australia - Big Premiums on Acquisitions, page-201
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