Saturday muse here.
Previously I threw a rough back of the envelope valuation of this weeks deal with Newcam out there at 75 million.
Just looking at the indicated open pit resources alone at Sandtone of 219,700 ounces were we to say strike a deal with BTR or PTN (PTN do hold an approx 7% stake in AUN already) along the lines of the Newcam deal. What does that look like?
Lets make it easy and call it 220,000 ounces at a low grade cut off of 0.05gt so a high AISC of $3000.00 per oz paid for by our cashed up JV partner.
With gold trading at $5200.00 per oz a conservative profit might look like 220,000 x 2200 = $484,000,000 split two ways off open pit ops and then go underground?
A tidy $242 million to AUN
GLTAH & DYOR
Add to My Watchlist
What is My Watchlist?
