The more ounces the better. Barrick is unlikely to bid.The plan...

The more ounces the better. Barrick is unlikely to bid.

The plan could be like this:
- Omai Gold and Troy merge
- financing could happen via New Gold, part debt financing and part equity in new corporation
- 2.2 cents per share, roughly 850m Troy shares now = A$18.7m
- same price as recapitalization but leaving more upside to current shareholders due to Omai Gold's resources
- A$18m to be paid to creditors
- A$10m needed to finance Smarts u/g
- within first year A$25-30m in operating net cashflow
- after a year A$7m more to be paid to creditors
- A$45-50m in operating net cash flow thereafter

Could anyone resist this?
Acquisition will pay for itself within 2-3 years.
Plant for free.
Smarts u/g upside you mentioned (lower cut-off and we are talking about 150-200k ounces) for free.
Exploration potential for free.
Barrick joint venture for free where Omai or New Gold could end up with a 20% stake in an elephant without spending a single cent.