I expected the SP will go up to 60s in the next month given production is improving and DFS on heap leach with bullish gold price (without the consideration of this bid). Bid generally comes with a big premium, therefore 80c would be the minimum I'd consider. Zhaojin knows they won't get this mine at 58c, like cherryburn said - they are testing the water and ready to increase their bid in the coming months.
I expected the SP will go up to 60s in the next month given...
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