Pure speculation, I think low to mid 70s could get a deal over the finish line.
The moons have aligned.
* Project now has theoretical 10 year mine life.
* Over 100k ounces average per annum production profile.
* Exploration upside could make this more expensive to acquire as drilling continues to ramp up.
* Existing Infrastructure more desirable than ever with development projects experiencing infrastructure build CAPEX and lead time blowouts.
* Gold near record highs.
* Mid cap goldies cashed up and making great forward cashflows.
* Few desirable competing projects.
* Exploration costs increasing making acquisitions more attractive.
Watch this space...
IMHO Lots of gold M&A deals coming in the new year.
Ann: Unmarketable Parcel Share Sale Facility, page-44
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Last
82.0¢ |
Change
-0.010(1.20%) |
Mkt cap ! $905.7M | |||
| Open | High | Low | Value | Volume |
| 83.0¢ | 83.5¢ | 80.5¢ | $3.733M | 4.538M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 50000 | 81.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 82.0¢ | 49972 | 1 |
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| Last trade - 16.10pm 24/06/2024 (20 minute delay) ? |
| SPR (ASX) Chart |