Nothing is ever certain in the gold business, but buying back the BG asset for just $121,000 plus $20 per ounce capped at 55k ounces - that seems like a huge bargain to me.
There is a good chance it is worth much more based on what can be extracted from BG, and then there is the value from improved access to Main Lode next door.
This could prove to be a key strategic move for Barra.
Not so much a Birthday Gift - more an early Christmas present. Ho Ho Ho....
Best seasons wishes to all
Dave![]()
Ann: Purchase of Coolgardie Mining Company Update, page-2
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