$540m in KML + 40m in GBG = $310m cash for GBG. $310m/ the new 731m shares fully diluted = 42.4 cents. Nice work there Jimmy.
This is the largest project with the least risk. Why would it be valued below peers? Small scale DSO producers like AGO will not be the winners, MGX is the market leader for them. Not pretty.
Can you tell me what AGO sold their ore at? Not to mention its a first shipment with intention to get a binding contract with a MEDIUM sized steel mill. AGO haven't realised anything to avoid a disaster to their SP. I sold out of them @ open of the suspension, very happy I did.
GBG Price at posting:
40.4¢ Sentiment: Buy Disclosure: Held
