I have done a little research for anyone interested to give you a value or price for GDO. 2 largest recent takeovers of gold miners:
LGL - Lihir Gold / Newcrest take over of 9.5 billion AUD Gold price at the time 1050USD / resources; 30 million ounces and produced 1.12 million ounces in 2009.
AND - Andean Resources / Goldcorp take over of 3.5 Billion USD Gold price at the time 1250usd / resources 3.5 millions of gold and 25 million of Silver in there Cerro Nergo region.
They have been the biggest two takeovers of the last 2 years.
Other targets ;
Medusa MML - MC of 1.3billion, looking to produce 400 oz by 2015. High grade and low cost producer (190per OZ). Reserves of 2.6million OZ / potential 5-7m oz.
Kingsgate - KCN - 1.17billion MC, low cost producer. 5.3oz of gold and producing 100 or so OZ per year. Fell short of production rates.
Oceania Gold - OGC - MC 700 million and producing 300 oz per year with a resource base of 6.9m+.
Now for GDO;
Gold One - GDO - MC 343million looking to produce 120k this year and growing into 300k by 2016. Resources of 21.6m AU.
We see why this is a take of target at these prices, off course GDO has to hit its targets for production, but anything less than 2 billion (wont happen) take over bid would not be acceptable. Ill stick to my belief with or without a take over bid GDO needs to have a 750m market cap to close in on its peers and should run there by the end of this year. DYOR.
Great future and i hope a bid is not in place, as the sky is the limit for Gold ONE. I wont be selling, as i once held Andean resources bought in for .87cents and sold for 1.50, i was laughing !! I wasn't laughing when it went to 6.50 PS.
GOLD and SILVER are going north and off course with corrections along the way.
No holder should accept anything less than 2+ per share.
Best of luck
GDO Price at posting:
42.5¢ Sentiment: Buy Disclosure: Held
