Brokers value Hog Ranch 2.3Moz Gold Resource at US$50 per ounce so US$115m valuation. Not far from RXM management valuation of around US$100m based off several 2022 transactions in Nevada. US$115 is A$168m . Hillside Copper/Gold valued at zip zero nil.
What did Harmony Gold recently pay for Eva Copper, up to US$230m . Eva Copper Resource grade lower than Hillside and mine life half that of Hillside. Not to mention Eva Copper located at woop woop so an additional A$150m in capex above Hillside.
Harmony Gold, the South African gold mining company, has announced that it has entered into an agreement to acquire Copper Mountain Mining, the entity that owns 100% of the Eva Copper Project in Queensland, Australia, along with a package of regional exploration tenements, for an upfront cash consideration of US$170m, plus a contingent payment of up to a maximum of US$60m.
RXM Price at posting:
24.0¢ Sentiment: Buy Disclosure: Held
