Recent Gold M&A in Australia - Big Premiums on Acquisitions, page-20

Oh, the child learnt a new expression from me.. penny dreadful. But it foolishly misapplied it. A penny dreadful does not have a market capitalisation of $141,000,000. Three million is about the limit.

On the subject of Calibre, the real potential may be at depth. These Paterson gold systems continue down for kilometres (vide Telfer, Havieron, etc.), and their focus narrows. You only need the right rock-type and rheological contrast - a readily-fractured siliceous porphyritic or granophyric intrusive within the host sediments for example - to form a concentrated tonnage of significantly higher grade gold mineralisation. The cross-section they include in this morning's release is tantalizing in this respect.