It listed those top market cap companies as: Newmont @ $ 29.0 billion, Barrick @ $ 23.0 billion, Franco Nevada @ $ 14.3 billion, Newcrest @ $ 13.9 billion, Agnico Eagle @ $ 7.8 billion, and Kirkland Lake @ $ 7.3 billion. I do not know how accurate these numbers are.
Then a article appeared that Newmont has rejected Barrick's offer.
This got me to wondering who will be the first to come out with an attractive offer for KL?
KL with low debt, good properties, excellent management and resource growth potential should, in my opinion, demand a very healthy premium to current market cap. This is saying nothing about the growth potential for the price of gold.
Is a premium of 50 % too low?
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