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clock Created with Sketch. 27/03/25
23:47
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Originally posted by Arh0070:
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The goldfields offer is extremely generous.What assets does GOR have.it has 50% of one mine which produces about 160,000 ounces of gold or so for GOR.it has the investment in DEG which has turned out well for them.GOR doesnt have much else .It has no operator experience .For that GOR is valued at 3 Billion AU or more.Compare it to some Canadian gold miners which are much cheaper ,for example New gold which has two gold mines which are performing well producing 2-3 times as much gold as GOR ,good management and cheaper than GOR.For some reason Aussie gold miners seem way overvalued compared to comparable Candian miners ,dont know why.All cash offer seems very generous in contrast to the takeover of Deg by Northern star which is a paper offer.
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its a 50/50 joint venture. both halves are worth the same.
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