Whiteout entering into the speculation on how this was played by management and board, honestly very delusional. It is an unacceptable low ball offer at ~50M$ EV. Just the open starter pit can deliver 95,000 ounces at say 1,000 AUD cost. I am safely increasing the initial estimate (A753$) of the study published in April 2022. So at 3000$ AUD those 95,000 ounces can generate 190M$ cash which is nearly 4 times what has been offered. Surely all the exploration potential and the remaining 1,6M (excluding the open starter pit) ounces are valued ZERO!
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