The Greenstone mine will be a cash machine for at least the next 10 years - totally understand GOR holders are worried about dilution to acquire the asset but this needs to be weighed up against development risk which is basically non existent as EQX head into production next quarter.
AISC’s at Greenstone are extremely low and technical risk that other ASX miners in Canada have encountered previously are somewhat mitigated by the phenomenal EQX management team who are the majority holder (and operator) at 60% - personally I would like to see EQX move to 100% ownership due to the quality of the asset but understand this may involve added financial risk especially if the gold price reverses.
Well worth a bit of research into Greenstone before passing judgement on the merits of this deal - I am an EQX shareholder and struggle to find any real upside in the ASX gold equities due to the long standing poor performance / decision making of our local management teams - Ross Beatty would eat these guys for breakfast and has the history and past performance to back this up. Will be an interested observer to see how this plays out over the next few weeks / months.
The Greenstone mine will be a cash machine for at least the next...
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Last
$1.58 |
Change
-0.015(0.94%) |
Mkt cap ! $1.706B | |||
| Open | High | Low | Value | Volume |
| $1.60 | $1.61 | $1.57 | $5.721M | 3.626M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 3334 | $1.57 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.58 | 1871 | 1 |
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| Last trade - 16.10pm 06/05/2024 (20 minute delay) ? |
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Last
$1.57 |
Change
-0.015 ( 1.99 %) |
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| Open | High | Low | Volume | ||
| $1.60 | $1.60 | $1.57 | 917163 | ||
| Last updated 15.59pm 06/05/2024 ? | |||||
| GOR (ASX) Chart |