$40 cents club, page-73

CMM 52 week high $5.22, low $4.04, last close A$4.18 for current MC A$1571m for 120k oz p.a ... it's Mt Gibson assets production is theoretical.
RED current MC A$536m with a second half FY 23 run rate of 200k+ oz p.a at the current A$ POG looks .... very cheap !!
RED's largest shareholder has stated they see big SP upside ... 2 more good monthly production at guidance will make that very clear to the market.

SLR has made an "improved offer" for SBM Leonora assets including A$370m cash (i.e. A$200m more than RED's debt) ... MC A$1bn SP 107c (pre announcement) .... this will eat up all SLR cash reserves ... wow ... the desperation in this is stunning .... surely this emphasises KOTH's incredible attraction to participate in Leonora consolidation and hence undervaluation ??

Will GMD SP collapse if SLR is successful ?
What's GMD got except a bag of cash and assets needing a milling solution with nowhere to go, other than KOTH ??

A look at the Leonora map shows how close KOTH is to Gwalia ... is SLR intent on acquiring Gwalia then KOTH ??
Gwalia's current processing costs are x4 KOTH's and the operation is uneconomic and requires upgrading with a new plant !!
KOTH has expansion potential ... double current production !!
The slide below from the updated recent presentation says it all .... KOTH is the logical processing hub for the Leonora district.