Conceptual target upgrade 4.8M-8.3M ozs. gold, page-4

I think we'll see gold run this year - arguably further than many here might imagine....

I think takeover multiples will explode as a result.

I'd be looking at a USD 150/oz multiple.

After all, this could well be mined & processed at Youga, for example.

Removing the capex, or most of the capex, out of the valuation means a buyer can 'afford' to pay more.....likewise if opex is low, more room to move in what will be a competitive market for what looks like a high quality long life asset.