Rough calculation
1.5m ounces x 2000usd = 3b
90% recovery = 2.7b
divided by 1.2b shares on issue = $ 2.25 per share at 100% in ground value
Buyout bid will be somewhere between 1% to 10% of IGV + maybe royalties.
Lets stick to the median and go with 5% or 11c per share or 14c aud
That's just the gold and its a lowball valuation and than we have retail that are happy to sell this below 2c....WC Fields was right .' there's a sucker born every minute'.
Rough calculation1.5m ounces x 2000usd = 3b90% recovery =...
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