I'm curious to know why you think 100 million debt facility completely discounts GCY as a target?
Any suitor that is keen on the Dalgaranga asset will want to sink some extra cash into exploration and stripping to release that low strip stage 3 and higher grade Gilbey's North ore.
The price for GCY is getting a little on the ridiculous side now that we are comfortably under 100 mill Enterprise Value. I would not be surprised at all if it was snapped up sometime within the next few days.
Ann: Appointment of Rowan Johnston as Non-Executive Chair, page-4
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