''It won't take much to buy out OGX. A potential buyers needs to put in only a few million dollars in the plant and underground equipment to get the metallurgy right and scale up the underground mining. The gold in the tailings makes it even cheaper. It is an easy corporate decision for a company with a few tens of millions of dollars to buy OGX out. They get an option value in Sertao and the rest for free. ''
IMO,
A potential buyer will have to include the entire share register in its calculations - all the performance shares - a share registry of 1.5b shares or so - plus CN conversions going forward etc...
A potential buyer will have the CRH gold debt and terms and CN terms etc... and Anglo proposed JV to deal with
IMO, The CRH as per annual report have pretty much covered themselves with security over all of ogx's assets
