ION 0.00% 0.9¢ iondrive limited

Lol this post is so stupid. Let's assume AISC is pretty good and...

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    Lol this post is so stupid. Let's assume AISC is pretty good and that it sits at $1,000/oz. Sale price is currently around $1,650/oz. 22koz = 22,000 x 650 = $14,300,000. Capex is $8-10m. NPV is about $6.3m at upper end. WGX get their benefit from driving AISC below that level, reducing capex or from rising gold price.

    Under this deal we receive $1.5m + 22,000 x $160 = $5m. We get most of the cash and none of the execution risk. I don't see how this deal isn't a win for SAU?
 
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