if there is going to ever be a deal the dealmakers will be looking forward ...not backward at the earlier transactions and the now outdated PFS. Current gold price is US$500/oz higher than PFS assumed price . That increase on spot gold price translates to increased revenue on life of mine production 4.8Mozs of AUD3.6Bn for which the added NPV- pre discount- at 19% equity in Kharmatgai is A$700m. I think these sort of numbers may be a challenge even to Zijjin with market cap of USD90Bn . Maybe they could do some sort of royalty deal with XAM. paid to XAM in gold ounzes...to value it in any takeover transaction at A$700m+
XAM Price at posting:
5.4¢ Sentiment: Buy Disclosure: Held
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