IMO if it's not an exciting offer, it'll be Zijin. Just like the Chinese takeover of GDO. They're going for the cheapest best gold companies around... NGF is one of the biggest in OZ and one of the cheapest on an EV basis. It must seem like a 50c op shop for them. NGF is a 160,000+ producer that's got 4m oz and costs about 900-1000, so it should be making $80m a year. The Chinese are pretty sure gold is going much, much higher so they're essentially buying bargain gold stocks around the world. And we'd be fools to sell them too cheaply. What we need is Sprott, or better still a big Aussie bank or fund, to go to 19%, even better a couple. Go on boys, do it for Oz!
IMO if it's not an exciting offer, it'll be Zijin. Just like the...
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