There's a lot that they could do with that cash. Look at BC8 for example, MC about $117M. If SBM used some of the cash to takeover BC8 or do some sort of deal, with SBM's cash and BC8's assets they could have 3 high grade mines producing within 18 months (Paulsens within 6 months, Coyote within 12 months, and Kal East within 18 months.
No doubt there are many options which SBM could consider, and I hope that they have had the foresight to have been doing that for the past few months.
News: SBM St Barbara Says Total Group Gold Production For FY23 Of 260,368 Ounces, page-54
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34.3¢ |
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Mkt cap ! $276.1M | |||
| Open | High | Low | Value | Volume |
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