Noble (NMG) $56m fo 2m oz
Unlike the following West African explorers which are starting from scratch, Noble already has over US$200m worth of mine, mill and infrastructure.
Adamus (ADU) $120m for 90% of 2.1m oz = 1.9m oz
Grython (GRY) $103m for 1.1m oz
Ampella (AMX) $170m for 1.2m oz
No environmental studies and permitting required. Most key mining personnel hired already. Infrastructure, housing and vehicles all part of the purchase.
Remember Perseus (PRU) was 20c not long ago? This will be a $2 stock next year.
nmg vs peers
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