The offer price is too low.
Offer price is $130.7 million inc our cash of approx $75 million.
We are being offered $50 million ($29-$30 per oz) for Lake Roe depending on our cash remaining.
I don't mind the takeover by RMS but the price is way too low, very opportunistic with the existing gold price.
Will not sell at this price.
Annual production estimate from 8/2/2023 presentation: Low risk option at 5.4:1 strip ratio makes pre tax cashflow $218 million. Mining head grades of 1.72g/t 99% of material JORC Indicated
