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This move would make alot of sence to me. I have heard some rumbling about this merger happening and would benefit both companies!
ADM is a mining friendly jurisdiction with 6.6 PROVEN & PROBABLE gold with a 35% IRR! the water rights plus ADM's cash almost equal the market cap so you are getting the massive gold project for free!
With XRC's massive cash position they could combine the 2 companies have access to the water rights and get the smaller project into production gaining the cashflow for the much larger project.