"< Either much higher gold prices are coming or there is much more gold on Red Back's properties, or both. >"
I think "both".
Exploration has been very successful so far and there are many more acres to be explored.
I am against this deal because I think the "leverage" of the exploration success will be diluted if RBI assets were part of a larger Kinross whole.
(I am an RBI shareholder, not particularly excited to become a Kinross shareholder.) Nothing particularly wrong with Kinross, but I feel RBI has better profit potential on its own, and not "diluted down" into the greater "Kinross whole".