GBZ 11.1% 1.0¢ gbm resources limited

Ann: Acquisition of Yandan Gold Project and Conditional Placement, page-25

  1. 3,194 Posts.
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    I cant help, but the historic Yandan drill results with 283m/2,8gAUt and 164m/1,95gAUt remembers me to Greatland Golds Havieron.
    And as i just posted words from a friend:

    The project acquisition from Yandan is extremely advantageous and increases the value of the share and the district focus immensely.

    The management is consolidating here the historically known district, which in the early 1990s was enormously profitable even with the relatively weak gold prices and enabled high free cash flows.
    convincing is the extremely low takeover price of AU$ 3 million in shares for 400,000 ounces.
    That is not even $6 per ounce and that is also oxide gold, which can be easily extracted with "leaching" and the exploration potential was not even touched upon here.
    This deal is worth 50 mln AUD alone.

    GBZ going huge.

 
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