more interesting numbers
- our wonderful "internal valuation report" released a few months ago said they valued Mongol ops @ NPV of $400m (even in this weak price enviro)
- then we got a USD $22.5m ($25m AUD) offer from SINO to buy our AUS assets
- NOW sino offers 6c for 800m shares (roughly AUD $50m).....hmmmm.......ok.....right
here comes the Complex math (get ready - its a tough one):
AUD $50m offer for ALL of GUF
less 25m offered for AUZ assets (vast and excellent "growth" assets")
= IMPLIED $25m offered for a $400m valued MINE
and this 1 mine is NOW PRODUCING and capable of RAMP UP to 8MT per annum...hmmm....
hmmmm....where do i sign? NOT....
Add to My Watchlist
What is My Watchlist?