NST paid about $170 an ounce for a project at STK last year, if my memory is right. Anything close to that (a similarly stranded resource, bought by the nearest producer) would be great.
But if this is really the path that GBR is expecting to take, I don’t understand why WGX would simply wait for 1m ounces to be reached and then pay a much higher price in a years time when it could probably offer 15 cents this month and get the same outcome.
Maybe the lead shareholders at GBR would resist a takeover at those levels, but I don’t think they have enough equity to dictate the outcome.
I think GBR is good buying at current levels, but there will need to be some major catalysts to get the price to some of the higher numbers now being talked about.
Ann: Notice of General Meeting/Proxy Form, page-14
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Last
6.5¢ |
Change
-0.001(1.52%) |
Mkt cap ! $39.03M | |||
| Open | High | Low | Value | Volume |
| 6.3¢ | 6.5¢ | 6.2¢ | $43.83K | 682.0K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 95000 | 6.1¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 6.5¢ | 180660 | 1 |
View Market Depth
| Last trade - 16.10pm 15/05/2024 (20 minute delay) ? |
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Last
6.5¢ |
Change
-0.001 ( 3.17 %) |
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| Open | High | Low | Volume | ||
| 6.2¢ | 6.5¢ | 6.2¢ | 100317 | ||
| Last updated 14.01pm 15/05/2024 ? | |||||
| GBR (ASX) Chart |