I don't like the idea of an IPO spin off for the gold portfolio.
IPOs are expensive, most raise $20m or less and (ballpark) $8m of that needs to be kept as cash for the new entity to explore & operate.
So if it got up, $12m less costs for ARL - lucky to nett more than $10m all up.
Just stick the 'for sale' sign on anything that turns up a few nice drill intercepts, gold and copper ground is always sought after and that land in Lachlan Fold has been very popular.
Sell 3-4 patches of land for $2m-$3m each and IMHO we're better off than an IPO.
Ann: Exceptional gold-silver rock chip results Black Bullock NSW, page-27
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