As I posted recently... BRB was recently set up for this more.
Just like AOP did in 2021. Sold off everything but their main asset, had a huge pile of cash and just sat and waited for a bidder.
In very simple terms, RMS is offering BRB holders a very discounted offer compared to AOP.
The numbers are stark.
AOP resource as of the RMS T/O in 2021. Btw - What a shame BRB have not had 'time' to update their resources before this offer.
BRB current resource (and grade).
So.... 25% higher grade, 66% more ounces and..... a 'premium' that is....
This is AOPs final realized premium for their shares in 2021.
BRBs current offer looks like this.....
Well done RMS, if you get BRB at the first offer price, you end up paying 38% less, for.... 66% more ounces at higher grades!
I had thought that the base case, lowest possible price that would be received would be around $0.50+. We will see I guess.
Will GOR throw its hat in the ring again, though they are likely busy with DEG. What about SLR.... sooner or later they are going to need more base load for their plant... otherwise, RMS gets a bargain which, will make the Rebecca plant/project very profitable.
