you are viewing a single comment's thread.
Paying about $2 billion for 110,000 oz @ 400 per year? Doesn't seem like a great buy. How is the $2 billion to be paid? I assume it is over the next several years, which would make the deal better for SLW.
it really depends on the avg spot of gold over the next 10 years. $2500 great deal. $1000 not so good. This company always has and always will be a play on fluctuation of precious metals.
Sentiment: Strong Buy
assuming gold price stays at what it is now, this generates about $140M/yr in profits to SLW. about a 13 year payback.
Financed with debt just issued.
dbtunr, Do you really think Gold will stay at what it is now over the next few years?...I sure don't.....SLW Is a strong buy for sure