The current MCap is about $100AUS.
Its hard to see Calibre not having that value itself given its results have been consistently acceptable.
I'm assuming Calibre is part of RIO's longterm plan.
Who knows but I'd be surprised if RIO didn't try to buy it.The price would be interesting but say $200m still doubles the current MC.
That leaves the rest.
Essentially any success at Minyari or the with the NCM jv should all be cream.
These coming results will be telling.Just hope recent price weakness isn't some indication of the results.
Anyway I bought more yesterday.
Ann: Further Significant High-grade Au Intersections at Calibre, page-45
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