Comments from Exeter Resource on the Goldcorp deal
Exeter President and CEO Wendell Zerb takes time out of his day to shares his comments on sale of Exeter to Goldcorp. This news is part of the bigger story regarding Goldcorp and Barrick teaming up in Chile. We discuss that this deal means for the broad sector and the investors options have who are holding Exeter shares.
Click download link to listen on this device: Download Show
I’m trying to be lazy.
Has anyone done the calculation of price per equivalent gold oz paid for Exeter?
Portfolio Update – How I made 300% on THIS stock (EXETER)
The Next Big Rush – Mar 28, 2017
Cool Chick
Here’s a good Gold chart posted by Jay FiFighter to mull over:
http://fifighter.com/wp-content/uploads/2017/03/Screen-Shot-2017-03-27-at-10.50.23-AM.png
Oops. Sorry I thought I was in the Market wrap blog.
Exeter sold their project for about $12/ounce. If the deal goes through, which seems likely, Exeter is leaving a lot of value on the table. Kaminak was purchased by Goldcorp for $520M. Kaminak had a little over 4M ounces of, admittedly, better grade gold. This equates to over $100 for each Kaminak ounce. By this measure, and this is my opinion, Goldcorp stole this project from Exeter. I’ll be voting against the deal with my paltry holding.
On 100% of Caspiche’s M&I gold resource (23 Moz), the purchase of C$247 mm or ~US$185 mm equates to only $8/oz…
http://blogs.barrons.com/stockstowatchtoday/2017/03/28/why-goldcorp-is-tumbling/
Way to go Wendell. My faith has been rewarded.