Continuing on from my last post and more along the line that We...

Continuing on from my last post and more along the line that We should be buying Genesis, this whole arrangement just does not make economical sense when you compare SBM and GMD. FY22 reports relative to revenues and asset values of in SBM case just the Leonora Asset compared to GMD Assets.
They should just dump, get rid of Canada's Atlantic asset considering you have to move and process 4 x more ore to produce the equivalent amount of gold as Leonora 6g/t vs 1.5g/t. Yurts say's no one wants Atlantic, the right price for a producing mine will find a buyer.
Yes there is a once off offer of cash and share's from GMD for Leonora but that's not value adding to a very prosperous exiting SBM asset. It should be the other way round at maybe a 10th of the cost in us purchasing Genesis.
I'm sorry but IMO this stinks to high heaven, we should be the ones with the mega mine in this region.

		Leonora	Genesis
1	Total Revenue	$479,073,000	$163,071
2	Net Asset value	$552,065,000	$28,637,810