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2,616 Posts.
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16/09/23
19:08
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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
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