when someone thinks of an 'appropriate SP' for a T/O. You have to ask yourself, would I blink twice if I saw the SP for these assets.
With GDO, if I was trying to talk to someone who knew abit about gold mining, I reckon I could convince of about 1billion dollars talking and ramping it up without any trouble at all.
I think I could talk up the entire asset base and make a good believable case for 1.50, but I believe that due to our ownership only being 76% of this asset base, I would place that as a more appropriate figure.
For this reason i think 76% of 1.50 is a worthy figure of what our 'portion' of the assets could/should go for. This is about 1.14
If someone offered me that I would walk away tomorrow without 1 second hesitation.
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