Possibly, though I note in the DFS today that they make it clear that the Hemi discovery is 100% of the ounces for the project, which reminds me of GOR back when it partitioned off Gruyere to sell 50% to goldfields. DEG also mention they are looking to create a bolt on production of perhaps 150k p.a with their other assets. Either way, if DEG were able to sell off 50% for say, 100% of the capex ($1.3b AUD), then.... perhaps that is when GOR would move.
that could work too of course @oldbull26 - but... I think most investors/insto's would prefer a cleaner project ownership structure.
GOR/DEG post a 50% sale, would basically be a 400k p.a silent partner in two long life projects. With a potential 150k bolt on production later on. Perhaps that would justify a $3-4b market cap. All just pure speculation of course.
GOR Price at posting:
$1.61 Sentiment: Hold Disclosure: Not Held
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