There's been takeovers of 2 ASX explorers in the past 6 months...

There's been takeovers of 2 ASX explorers in the past 6 months that are of significance, because of the BIG PREMIUMS that were offered on the sp in finalising the deals.

I felt compelled to start this new thread, since with craziness of the world lately, a lot of us might be losing sight of actual market realities in the gold exploration space. And that includes losing sight of the value of AZY

Starting with today's news, ASX explorer Oklo Resources has agreed to a takeover from Canadian company B2 Gold. The $90 million offer is at a 127% premium to Oklo's last traded price!

Oklo's resource is in a very risky part of Africa in Mali, but was still offered a big premium for their deposit of 11.3Mt at 1.83g/t gold for 668.5kOz contained gold, with 521,430 in the indicated category


The other recent takeover was Ramelius Resources $180 million acquisition of Apollo Consolidated. This was almost 100% premium offered on Apollo's sp. Apollo's resource in WA was 29.1 Million tonnes at 1.2g/t Au for 1.105 Million ounces of gold and only 775,000oz was in the indicated category

Now Antipa Minerals has 3.8Moz gold eq resource. 1 million oz or 1.3Moz eq is in the indicated category at Minyari, majority at open-pit depth. Need I say more

With the current climate of the M&A of ASX explorers, the premiums being made on deals, if a company came right now and was offering fair value for a takeover of AZY, the offer could be in the range of $200 million per million oz with all the copper, cobalt etc that comes with AZY'S ore. So right at this moment, $500 million would be fair value just for AZY'S deposits, but that's not taking into account it being the best exploration ground in the world, and best mining jurisdiction in the world also