Originally Posted by Souvy (Post 11837398)

We should get a room.

Originally Posted by HGerchikov (Post 11837591)

That's an image I could have lived without

Originally Posted by Souvy (Post 11837255)

Of course they will.

The current glut of commodities is causing low prices. That is making most juniors unviable. They'll never get the project financing (which is often hundreds of millions).

We're just going through a cycle.

There are several things going on at the moment in Canada. The juniors have got no money. Majors are divesting non-core assets, or trying to, at the same time as sniffing round bargains. The private equity outfits are creaming themselves.

Originally Posted by Atlantic Xpat (Post 11838352)

Apparently there's still gold in (some of) them thar hills....

Baie Verte gold mine a rare sparkle during economic turmoil - Newfoundland & Labrador - CBC News

Originally Posted by Almost Canadian (Post 11837269)

OK

I suspect, but don't actually know, that there aren't many places in Bearspaw that are that large. Typically, in all areas surrounding the city, most acreages are in the less than 10 acres range. A quick search of realtor.ca will provide you with an indication of the price range of the acreages in your size requirement.

Another point is financing. Lenders will lend the usual amounts (as they would for a residential property in town city) for a percentage of the value of the acreage. Once you exceed that, they will only finance, say, 50% of the additional cost and you will have to fund the remainder. We found this out the hard way. After pre-qualifying, and they deciding to purchase a property some $100,000 below the amount we had pre-qualified for, we then discovered that we would have to find an additional $40,000 IIRC. Fortunately, we were able to do so. After moving in and speaking to others with similar properties, we discovered that this was normal and that, for some reason, lenders tend not to mention it until after any offer has been made.