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Gold/Mining/Energy : Chesapeake Gold (CKG.V) -- Ignore unavailable to you. Want to Upgrade?


To: TrueScouse who wrote (1472)1/15/2008 1:22:10 PM
From: Claude Cormier  Read Replies (2) | Respond to of 7833
 
RR has $35M of which $9M may end up frozen because of ABCPs.

That leaves $25M. This is a lot and should allow to reach N43-101.

As for price per ounces on takeover, $50 is not realistic for such a large deposit, should be higher. But in the end economics will dictate. As an example, Viceroy was taken over at more than $200/oz.