The more important question is how GXY would self-fund, fully own and bring all 3 assets to full production?
The scenario you’ve posed is a little like me pondering how much interest I would make per year if I had a billion dollars in the bank. I don’t so...
JB and SDV will likely need around US $1.5 billion combined to bring both projects to planned full production. That’s roughly 4-5 x current market cap or roughly 15 x cash on hand.
I would be extremely surprised if GXY could bring all three assets to production within 10 years, let alone 3-4. IMO this will never occur, Mt Cattlin will be exhausted before JB sees the light of day. Even then, the more likely scenario is a sale of one or parts of each asset.
GXY Price at posting:
$1.16 Sentiment: Hold Disclosure: Held
