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47.5¢ breaker resources nl

I printed off their feasibility study from July last year.Given...

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perdant

4,585 Posts.

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02/08/19

19:23

Post #: 39838694
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Originally posted by pintohoo: ↑

thanks Paton ---- there's a lot of instructive info in that takeover bid -

how did you work out $116 p/oz?

454K oz resources yes?

isn't that plus 200 probable reserves? - or are they including that in the 454 k?'

IMO - it's well worth BRBers looking over that because it's current -

it's also 85 km from their mill and it's UG and it's gold

there might be more similarities - but, that's what caught me -

we probably have a lot more than 1 mil. oz will show up UG - but, we seem to be going to have 1 to 2 million oz sitting on the top of it as well
(one assumes that carting lower grade open cut ore doesn't stack up as much over 85 km as carrying UG higher grades - but, the locations are vastly different anyway).

does make us look seriously undervalued - but, then, Egan was well undervalued in early July -- things can change very rapidly when the time is right

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I printed off their feasibility study from July last year.
Given Cube were involved with EGAs I thought it might be worth a read.

BRB Price at posting: 42.0¢ Sentiment: Buy Disclosure: Held
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