So either way you slice it, the mill is greater than our current MC and we have 1.2 million oz of gold (and growing) and cash at bank.
Price is only expensive in the absence of value but in this case the value far exceeds the current price.
"This report has valued the Central Gawler Mill and associate infrastructure at over $100 million on an 'as new' (replacement cost) basis, or over $50 million on an 'as is' indemnity value basis."
And another update from recent mining conference.
Ann: Central Gawler Mill valued at over $100m replacement cost, page-2
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Last
23.5¢ |
Change
-0.005(2.08%) |
Mkt cap ! $51.38M | |||
| Open | High | Low | Value | Volume |
| 24.5¢ | 24.5¢ | 23.0¢ | $22.96K | 98.84K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 67000 | 23.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 24.5¢ | 456796 | 3 |
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| Last trade - 13.24pm 18/09/2024 (20 minute delay) ? |
| BGD (ASX) Chart |