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21.9% 2.5¢ savannah goldfields limited

Ann: Agate Creek Gold Production Update, page-278

  1. moorookamick
    22,497 Posts.
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    30/07/19
    13:32
    Post #: 39760373
    PS: If our illustrious Chairman is averaged-in at 1.7c as guesstimated earlier by a poster, then, IMO, he will want to at least double his money in any acceptable takeover bid given that he has been in for years. 4c/share would value the company at about $147. At towie's guesstimate of a future
    1 mil ozs resource, this would value the gold in the ground @ about $147/oz.which IMO is a bit high unless the grade is outstanding and there is good potential for further drilling.
    LNY Price at posting: 1.3¢ Sentiment: Buy Disclosure: Held
    Likes Created with Sketch. 5  Upvote
    lightbulb Created with Sketch.  Great analysis
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