Apologies guys, mods are over me due to my being hounded on another thread. See swear words with missing syllables often and so thought that was Ok in disguise, obviously not. Apologies to the moderators and anyone else I offended with the vernacular. Re-posted below with offending word removed, all in a bit of fun as you should recognise.
You're probably right sigh... A mirage then, they say a man dying of thirst in the desert will see an oasis where none exists.
Financially feasible, WAF will end the Sanbrado ramp with a 80% gearing ratio (US200M debt and US$50M equity) so why not RSG with a gearing of ~65% using predominately script TO? I guess the CDV value as extreme and thus a great prize. What is the "too much risk" in Namdini you speak of btw?
Another smaller Mako type transaction you say. Isn't Bibiani, what they have up for sale, just that? A US$75M capex for a 10 year mine life producing 100k Oz pa at an AISC of US$700-800/Oz. I haven;t looked into Bibiani but is there any specific reason they are selling?
I know I sound crazy, investing in CDV during a gold bull market will do that, but is it possible that Wellborn is selling off the small fry and ill-fits to have a crack at something more Tier 1. Something with one simple, kick-ass big pit that is even for those clowns?
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Apologies guys, mods are over me due to my being hounded on...
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