In 1987 Kerry Packer sold the Nine Network to Alan Bond for A$1.05B.
Three years later when Bondy was going down the tubes, Packer bought back the Nine Network for $250m
The famous quote at the time from Packer was ......... "you only get one Alan Bond in your lifetime, and I have had mine"
SXG currently have an inferred resource of PART only of their projects of 1 - 1.6 millions ounces of gold - at todays gold price a value of $3B to $4.8B.
Given that SXG acquired these areas from NAG, and is about to acquire even more area (Redcastle) for a song, perhaps Packer's famous quote should be updated to .......................... "you only get one MT in your lifetime, and SXG have their MT."
NAG Price at posting:
2.4¢ Sentiment: Sell Disclosure: Held
