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11:04
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Originally posted by Smellard:
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To give you a bit of an insight into the real potential here, La Colosa, a gold project located nearby to our Quinchia portfolio, had an estimated 29million ouches of gold in the ground. Now if you have a calculator that can do maths at say roughly $2000 aud/oz then that’s how you get multi-billion dollar market caps. Mine calculator says error, so that’s how big the number is.
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More likely once the resource is sured up and JORC complete Anglo American will swoop in and/or veto any other possible takeover bid. They hold the power here.
