"The fact of the matter is that the real value for explorers here across all jurisdictions remains below USD $100/oz, with the fair value closer to USD $70.00/oz if we average out the past 20 acquisitions for gold explorers".
Taylor Dart https://seekingalpha.com/article/4357527-gold-miners-m-valuations-q2-2020
What is a fair price for Breaker?
Back of the envelope calculations below.
The 40c share offer is not a good deal for Breaker shareholders, but a great one for Ramelius.
I was a Apollo shareholder and accepted their revised offer of 1/11/21.
I am hoping for a serious offer that offers fair value to Breaker shareholders.
The combination of Lake Roe and Rebecca deposits is a positive move.
We don't need a prolonged drama, just a fair price and successful completion of the deal.
BRB Price at posting:
37.0¢ Sentiment: Hold Disclosure: Held
