Thanks Exised, appreciate your correction. A few points:
1. They can't be all reserves since your calculation for SBM + Atlantic used resources of 2.4 Moz.
2. The acquired debt should be included, giving a total purchase cost of A$854m. That's how they got $455/reserve oz which you originally quoted.
3. 30% of Tropicana resources is 2.29 Moz, not 2.92 Moz. Again resources not reserves.
Having said that, I agree the bottom two acquisitions were the most expensive!
Ann: Diggers and Dealers 2021 Presentation, page-18
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