Moto Goldmines.. had a head-grade more than double that of GOR for starters.. and that massively changes the whole economics of any project.. -- yet to see what the grade of BYR is --
Moto / BYR have/had "international" gold companies as partners listed on exchanges where investors value gold companies on higher multiples/ times ounces in the ground..
And if BYR were to "buy" the extra 10% that is mentioned.. it is of course a positive outcome.. as no company would/does pay the value of the gold in the ground.. leading to a NPV addition.
MGY/CMM for instance paid $8 per ounce in the ground for a deposit with 650,000 oz at 1.1 g/t recently
AND.. it's the potential that people pay for.. and until all the deposits/prospects have been closed off... this is what attracts investors to the active drill-bit.
One final thought.. major gold companies have in recent times sold almost everything they had in Oz.. why would any of them want to return here and buy something...?
Just my musings..
ANL Price at posting:
7.5¢ Sentiment: Buy Disclosure: Held
(20min delay)