The two mills would be worth $300 million, and we have $100 million in the bank. So if Federation is worth 50% that would give us $800 million total making for a share price over 90c. That of course would attribute nothing to Peak Deeps which as I stated on another thread, has two gold intervals over 100g/t. 90c looks cheap to me. Throw in Peak North, Chronos and Great Cobar (which is massive - 2% Cu but also some reasonable gold intervals) and there you have your $1.
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