we don’t have access to GMD model, but I’m sure they can easily work out whether it makes strategic sense or not.
OBM is going up with or without a partnership with GMD … let’s compare performances every 6 months
you can value companies on resource inventories if you like, but I value them on genuine high grade gold potential and the likelihood of continuity for 5 - 10 years.
GMD with merged potential annual production of 400,000/500,000 plus ounces would rate higher (multiple x cashflow) than being stuck around 300,000.for the next 3 years
You should also remember that the most successful gold groups over the last 2 decades in Australia did so by acquisition/mergers and big exploration programs over known historic high grade goldfields.
Its a shame GMD couldn't get involved in the Ora Banda story going 2 years ago when Luke Creagh first joined that company to take it underground
above a performance comparison of OBM and GMD over the last couple of years … and that gap will widen .. imho
GMD Price at posting:
$2.56 Sentiment: Buy Disclosure: Held
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