Apart from the resource itself there is also a substantial pile of gold,iron ore royalties,valuable plant,equipment and earth moving vehicles.In addition there is a large amount of ore body as yet unquantified.It was a very good deal that our CEO struck.I believe that at the end of the book build they were $10000000 short,however astute negotiation by the BDR team achieved a discount on the price from Newgold for that amount,in the interest of not allowing the deal to fall over.Well done and "hats off' to Beadell and its unbeatable and incomparable CEO!
Those among us who are substantial shareholders are in for the ride of a lifetime.This could easily be another Newcrest or even a Barrick.It may take a year or two or three but the patient will accrue massive wealth.The trading opportunities will come again and again,but I,for one,wont be selling out too soon.
"I lift my lamp beside the golden door".I trust that many among you will walk through.To the doubters and "nervous nellies",take as your motto,"remember Agincourt".(That is a reference to a legendary coup by our CEO who took a million cap miner and sold it after 4 years to Oxiana for $400000000!!!!!!!!!!!!!!!).
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