So much under valued, page-87

Yes, anything sub $2.50 is well worth a buy-back, however I suspect they are playing a trickier angle.

Making SilverCorp up their offer for Orecorp could see Perseus owning a sizeable stake in SilverCorp at a relatively low entry point.

Looking at SIlverCorps assets, I can't see anything that would really interest us, besides the 15% stake in Orecorp and maybe if there are any good gold hits at the BYP mine which is in car and maintenance.

I was looking at a global gold production chart, and South African gold started to decline once China gold production increased. They are almost the perfect inverse to each other.

I wonder if this is a straight out royalty dodge? As Chinese ownership in africans mines has grown, are they fudging the books saying more gold came from their mine in China and less in Africa? I wouldn't know how this is policed.

Or is it as simple as having 1 china asset may make sales easier allowing a slightly higher sale prices with less costs/taxes?