2moz at Giro, page-9

  1. 5,536 Posts.
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    Also in my opinion these latest drill results haven't even factored into the market cap yet. Considering the current gold price we may be at a significant discount still. I would have thought this is about fair value without a rod being spun at douze match.
    I don't think the market fully understood the depth extensions to mineralization at kebigada at all in relation to project economics. Considering there is a 7.2mtpa plant 30km away owned by Rand that wants dirt this deposit doesn't require the same metrics as others. No plant development risk or massive upfront capex to diminish roi if a straight asset sale/takeover.
 
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