NCMGF - Newcrest Mining To Acquire Pretium Resources: A Good Deal For Newcrest
- Newcrest Mining will acquire Pretium Resources for $2.81 billion in cash and shares.
- Pretium's shareholders may elect between C$18.5 ($14.86) in cash and 0.8084 Newcrest shares per 1 share of Pretium.
- The deal attributes to Pretium a price-to-operating cash flow ratio of 9.15.
- Newcrest is about to pay $720/toz of gold contained in reserves, or $273/toz of gold contained in resources.
- The abovementioned price isn't bad, but it doesn't attribute any value to the huge exploration potential.
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Newcrest Mining To Acquire Pretium Resources: A Good Deal For Newcrest