SO MINRES bought bald hill MINE only for $264M last year
Yet a large 1.5MTpa MILL in remarkably good condition that cost Lionore Norilsk & POS $1,000M to build and maintain since 2003 is sold for a pathetic $15M ?!
That less than 5% of the bald hill purchase.
And LJ has similar 3 mines at MH EA AR and now a 13km strike line at WUU.
If Bald hill is worth $264M to MNRES then LJ is worth $500M to it at least !
Once again shows the myopic lowball incongruent attitude of POS BOD and CEO plus the cunning lowballing of MINRES as shown before in the AGO bid.
Will AFAF step in here like he did in AGO to scuttle this lowball pathetic deal and gift it to another of his billionaire buddies like Gina instead?!
LJ is the jewel in the crown way way bigger than bald hill plus a massive near new MILL included !
It is worth $700M imho.
Today’s The West Australian 19.03.24, page-2
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