It took Friedberg years and hundreds of transactions to put together that important portfolio. The reason? GSV owns 20% of the Carlin trend where over 90 million ounces has been produced. Gold Standard Ventures (GSV) has been at it for over 10 years building up that valuable land package. They now have the 3rd largest land package in the world's second-largest gold-producing region. The 1st and 2nd largest package are owned by Newmont and Barrick Gold. (Combined market cap over $100 billion). Those massive companies have billions of idle cash on hand are literally surrounding GSV's project… Newmont itself owns 6% of GSV. It's no secret that to gold mining majors (like Barrick and Newmont), the cost to acquire is significantly lower than the cost to develop their own greenfield projects. That means major gold companies will look to buy undervalued assets and increase their gold reserves. It has happened before… These companies that were bought out for premiums to their share price: - Calvista Gold Corp for a 93% premium,
- Sterlite Gold for a 167% premium,
- Andina Metals for a 97% premium,
- Tusker Gold for a 102% premium,
- Goldrock Mines for an 81% premium,
- Century Mining Corp for a 180% premium.
A potential takeover bid is one of many outcomes for GSV and as the CEO has even stated: "Projects like this are becoming rarer and rarer." If GSV chooses to develop the mine on their own, they will be very profitable (based on their Pre-Feasibility Study) at $1,400 Gold… Gold is closer to $2,000 right now than $1,400. They stand to make a lot out they don't get taken out ahead of time… Read our detailed report on GSV - HERE Regards, Richard Cohen Publisher – Trading Signal |
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