RED, BGL & CMM are of a decent size (100k oz + p.a/long mine life) but probably now too expensive for GOR outside of a merger.
Something in the $100-$300mill range might be more digestible? Particularly if they then want to build a mine with $150mill odd capex.
So who is the most attractive explorer/developer in WA with 100k oz+ pa potential, good exploration dirt and a MC in the $100-300mill range?
Whatever company that makes the list is probably prime takeover target in general.
Any thoughts?
Ann: Gold Road Increases Financing Facilities, page-16
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