This is an exert from * article!
“We saw with Penny West and Spectrum, another takeover by Ramelius, they got taken over for something like $500 bucks an ounce of resource because they had high grade, around 300,000 ounces at 13 or 15 grams,” he said.“That’s in production now and Ramelius are saying that’s just going to churn out cash.”
Definitely be churning out cash at the new Gold prices!
Ann: Quarterly Activities/Appendix 5B Cash Flow Report, page-10
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