Pure speculation, I think low to mid 70s could get a deal over the finish line.
The moons have aligned.
* Project now has theoretical 10 year mine life.
* Over 100k ounces average per annum production profile.
* Exploration upside could make this more expensive to acquire as drilling continues to ramp up.
* Existing Infrastructure more desirable than ever with development projects experiencing infrastructure build CAPEX and lead time blowouts.
* Gold near record highs.
* Mid cap goldies cashed up and making great forward cashflows.
* Few desirable competing projects.
* Exploration costs increasing making acquisitions more attractive.
Watch this space...
IMHO Lots of gold M&A deals coming in the new year.
Ann: Unmarketable Parcel Share Sale Facility, page-44
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Last
98.5¢ |
Change
0.095(10.7%) |
Mkt cap ! $1.088B | |||
| Open | High | Low | Value | Volume |
| 90.0¢ | $1.00 | 90.0¢ | $6.153M | 6.372M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 200000 | 97.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 99.0¢ | 16444 | 2 |
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| Last trade - 16.10pm 28/06/2024 (20 minute delay) ? |
| SPR (ASX) Chart |