Mitsui Japan paid ~A$33/lb for their share in Honeymoon late last year.
B4M is a much bigger deposit with better grades, infrastructure benefits etc etc u all know the story.
East and West should contain + 60 mlbs of U of which
+15 mlbs is AGS's share. 32 million is already jorc.
15m X usd23/lb or aud33/lb gives us AUD495 million.
Throw in the gold assets, cash on hand and the steak knives and an even AUD550 million is the magic number.
550/273m shares =
$2.01 per share
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