Glencore is bidding $1.8b for Bald Hill. Bald Hill is 26mt @ 1%
Midpoint of AZS's exploration target for Andover is 170mt @ 1.25%. that is roughly 6.5x the size
This estimates Andover's Mid point ET value to be around $11.7b. AZS's 60% slice would be $7b.
Maybe you are thinking of when we go above and beyond the ET's upper range, but we have to prove this all up first. It's good to dream though
Ann: Completion and Results of Share Purchase Place, page-77
-
- There are more pages in this discussion • 115 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)