Excellent post Lord E, many thanks for sharing that.
One thought inspired by assumption 5;
higher grades should reduce excavation, trucking and processing costs, but Strip ratio's could play a huge part when comparing deposits.
A 200ppm deposit within a few metres from the surface could be more viable than removing 300 metres of barren rock to get to a 400ppm deposit.
Could you help me with a few questions regarding the ASX take-over rules. As I understand it, if a substantial holder crosses a certain threshold they have to make an offer for the remaining shares.
What happens if the offer is refused? Do they have to make a better offer? Are they allowed to continue purchasing on market after an offer is refused?
my valuation, page-14
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