I really don't think the price tag is a great representation regarding the value of the asset. Just look at GCY's purchase of Melville for ~$30million (196oz @ 1.5g/t) and it's still not in the mine plan. Even BCN's purchase of MacPherson Reward for $14 million (203oz @ 1.15g/t) is a heavy price tag compared to twin hills: (Au [email protected]/t, Ag 1.39moz @ 3.4g/t) and more than half is in the measured and indicated. Just beware of anchoring bias, and I am sure the market as a whole is experiencing it valuing Twin Hills as a part of GBZ - “Anchoring is a cognitive bias in which the use of an arbitrary benchmark such as a purchase price or sticker price carries a disproportionately high weight in one's decision-making process.
GBM: $3.48millGCY: ~$30 million
BCN: $14 million
Ann: Quarterly Activities Report and Appendix 5B, page-18
-
- There are more pages in this discussion • 36 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add GBZ (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
0.8¢ |
Change
-0.001(11.1%) |
Mkt cap ! $9.253M | |||
| Open | High | Low | Value | Volume |
| 0.8¢ | 0.9¢ | 0.8¢ | $3.784K | 447.9K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 10 | 6563087 | 0.8¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.9¢ | 425640 | 2 |
View Market Depth
| Last trade - 11.45am 27/09/2024 (20 minute delay) ? |
| GBZ (ASX) Chart |