GML gateway mining limited
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On Tuesday Alliance Resources AGS received a taeover offer for...

  1. daicosisgod
    14,929 Posts.
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    24/02/22
    11:18
    Post #: 59785736
    On Tuesday Alliance Resources AGS received a taeover offer for the remaining shares not currently held by its majority shareholder, private company Gandel Metals.

    The offer at 18 cents per share liftd the MC of AGS to $37.5m

    AGS has a gold project with a 152,000 oz resource grading at 4.3%
    AGS also has a early stage IO project with a 1.15m tonne resource grading 59.4% Fe.

    How much is a early stage lowish grade IO project worth?

    How much is a 449,000 oz resource owned by GML worth?
    And how much more will it be worth if the resource can get a JORC standing of 1 million oz?

    The comparison between GML and AGS might be tricky, but bloody intriguing.

    Cheers.....D
    GML Price at posting: 1.2¢ Sentiment: Buy Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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Last
2.7¢ 		Change
0.000(0.00%) 		Mkt cap ! $11.03M
Open High Low Value Volume
2.6¢ 2.7¢ 2.6¢ $20.21K 760K

Buyers (Bids)

No. Vol. Price($)
3 351940 2.6¢
 

Sellers (Offers)

Price($) Vol. No.
2.7¢ 233580 2
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Last trade - 15.28pm 30/07/2025 (20 minute delay) ?
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