on second thoughts, BGL wasn't taken over...but if so closer to 2+ bucks imo. Id love for GBR to go mining!
Remember 1 dollar is ~350m MC for GBR at $1850/oz.
BGL is ~850m MC for comparison at $1850/oz (But producing)
- Excellent award winning mgt
- 3m oz (1m reserve)
- similar AISC as Andy Well had (very low)
- high grade
- Australia
Further success and $2500/oz would mean a gold frenzy. We would already be over a dollar at that time imo.
Board rejects it to go mining and could go 4+ bucks, but realistically with all the operators around us I doubt we'd get that far. It could be taken out. In any case we will be well looked after either way. Win win!
