Share
675 Posts.
lightbulb Created with Sketch. 226
clock Created with Sketch.
21/06/19
23:34
Share
Originally posted by SaberX:
↑
I note the new BML co we're subscribing $15m to. Has 276k oz currently in its resources. at 30% interest the total value is $50m. thats $181/oz. Meanwhile saracen has bid today for bligh resources at 38m for whole company. Has 250k oz of measured and indicatrd and inferred of 410k oz. Total 660k oz. their crushing etc. Biz might fit with being preferred supplier to a mine that goes up but surely at this small a resource and years from production this does not make sense at all. probably why we're at 1.4c now. would the directors ever explain their rationale for what appears to make no sense of a decision?
Expand
Being Gold is now $2028 an all time high in Aud, doe this deal now make more sense? I am just looking at it for first time now.