MYG 5.26% 72.0¢ mayfield group holdings limited

Lerp, you've used $91M as a capex, but Sandstorm are paying $41M...

  1. 677 Posts.
    Lerp, you've used $91M as a capex, but Sandstorm are paying $41M of this. In return MYG gives them cheap gold. I reckon there will also be a deal struck with the buyer/s of the concentrate. Sandstorm will also pay MYG $4M if a certain production figure is met. So add atleast $40M to your Net profit figure.
    But I think what you are also overlooking is the potential. The directors are very confident the Gullewa tenement is very prospective, and there is a lot of experience in the Murchison area sitting on the board.
    Busting
 
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Last
72.0¢
Change
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Mkt cap ! $64.48M
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74.0¢ 76.0¢ 68.0¢ $118.6K 166.5K

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1 2788 72.0¢
 

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76.5¢ 4974 2
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