From what i have read we trying to push that out to 5 million ounces, using your AU$4000 per ounce that is $20Billion not including the silver. Lets say a takeover offers us10c in the dollar for ore in the ground or $2billion and we had 200million shares on issue after this CR (worst case) that would be $10 per share. or maybe they are offering only 5% at $5 per share.
I think these kind of numbers means a CR and get the drilling done quickly so we get an offer on 5million ounces not 3 million is in our best interests. Even if we only get $2.50 it is 5X from here.
TTM Price at posting:
50.0¢ Sentiment: Buy Disclosure: Held
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