Pure speculation, I think low to mid 70s could get a deal over the finish line.
The moons have aligned.
* Project now has theoretical 10 year mine life.
* Over 100k ounces average per annum production profile.
* Exploration upside could make this more expensive to acquire as drilling continues to ramp up.
* Existing Infrastructure more desirable than ever with development projects experiencing infrastructure build CAPEX and lead time blowouts.
* Gold near record highs.
* Mid cap goldies cashed up and making great forward cashflows.
* Few desirable competing projects.
* Exploration costs increasing making acquisitions more attractive.
Watch this space...
IMHO Lots of gold M&A deals coming in the new year.
Ann: Unmarketable Parcel Share Sale Facility, page-44
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Last
$1.21 |
Change
-0.050(3.97%) |
Mkt cap ! $1.339B | |||
| Open | High | Low | Value | Volume |
| $1.25 | $1.25 | $1.19 | $10.75M | 8.742M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 20660 | $1.21 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.22 | 30800 | 2 |
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| SPR (ASX) Chart |