Vista Gold's take-under: $37 an ounce for Mount Todd after decades without a partner
Dave Erfle calls Artemis's takeover of Vista Gold a take-under: roughly $37 an ounce for 10.5 million in-ground ounces, with about $50 million of cash still on Vista's balance sheet. Mount Todd's hard-rock difficulty and Vista's failure to land a strategic partner explain the discount.
Dave Erfle - Gold & Gold Stocks: Beaver Creek Recap, Metals Technicals, Recent M&A Read article