Interesting to find that Mayfair Gold acquired the Fenn Gibb property from PAAS.
They have a market cap of $130m with a low grade 2M ounce resource.
We have 8+M ounce resource and are trading at a little of $200m.
I have always thought the Fenn Gibb would be good for ME however now that it is valued at this price probably not.
$Nice to see that they get rewarded by the market with $65 per ounce and if that was consistent for ME's resource 5 miles away our market cap would be north of $500M. :-))
Our current Marketcap only about 220 mil.
$bigone thanks; This is getting to be very sizable.
What a delicious big one this would be for one of the top 10 miners. The price target mentioned of $0.65 CA is 64 % above today's closing share price of $0.395 CA.
Wonder if it will be bought out before summer's end? With more discoveries and assuming a strong or stronger gold price would $1.00 CA be out of line???
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