risk or reward, page-8

Monarch look very attractive to me at face value but if market sentiment is against it I will wait.

I am going to do some research over the weekend. One comparison that interests is with SBM. They do have a larger resource at 6.7moz but the grades are scary low. However they have a market cap of over 700 million.

Recently it seems the price went blue sky so may be worth seeing what the trigger was.

Still only have had a quick look but with 5moz in the bag economy of scale would have to come into play reducing cash cost per unit, increasing profitability and perhaps that factor alone could fund the purchase price.