Realistically, it is not about getting it cheap, it is getting it with right price and right risk. To buy it cheap, what large companies like Goldfield does is, put "one foot" in, like having bought at 10 percent of the company on the market between 0.30-0.60 AUD. So they already completed their move to make acquisition cheap by putting risk money in. Now to make full decision on whether it is worth buying everything has to be ticked by large resource, economic grade, low cost, easy to reach cashflow, long life, stable jurisdiction, PFS, metallurgy etc.
If everything comes out good, I'd be surprised that CDV will survive independently another half year without TO.
CDV Price at posting:
62.5¢ Sentiment: Hold Disclosure: Held