Barrick Gold Inc (GOLD)

[tootalljones]

this is just one rather advanced project only:
How important is Donlin to Barrick’s future? The accretive math argument is Barrick can increase its proven and probable reserves by at least 34 million ounces, from 69 million to 103 million (49% hike) with an all-cash offer or all-stock dilution of roughly 7% (assuming a 50% premium offer price) with Barrick’s equity market capitalization around $37 billion today. Barrick is holding the Donlin resource base as Measured & Indicated currently. So, a consolidation of ownership, on top of newly discovered resources in 2021-22, and a decision to build a mine would covert the ore into the proven and probable reserve category.

[and this does not include the terrific newly discovered drill holes of 2021....]
from:
https://seekingalpha.com/article/4515212-barrick-should-acquire-novagold-remaining-50-percent-of-donlin