One Year Share PriceChart:
BRB vs Van Eck Junior Gold Miners ETF (GDXJ)
What this graph is saying is that the BRB share price is simply tracking the GDXJ, and that the BRB share price improvement would have occurred with or without the Ramelius approach.
Conclusion:Ramelius are effectively only offering ~$50M after we have spent ~$82M to make the three discoveries, establish that there will be an open pit an underground mine drill, enviro, metallurgy etc. Then throw in the obvious potential not only at Lake Roe, but at Ularring.
We don’tmake discoveries and prove up mines, simply to receive partial reimbursement.
Tell em they're dreamin!
Good wishes to all BRB shareholders
Not investment advice
DYOR
