The issue is what will happen from here.They have paid about 44c...

The issue is what will happen from here.They have paid about 44c per share for 12.8%.(This was a steal!!)

Their current market cap is very high (188M shares at 7.5CDN per share) but income is modest at 43Million so far this year.They want to grow gold production to 1 Million oz per year the aquisition of MDL would definitely accelerate this.

So how much would they have to pay for the company?
MDL have locked in sales of 396 Million in gold.I'm guessing another 450 Million could just about do it.
In the current climate I think that will be difficult.
What say you all?