Steven , your discussion with your work mate is further confirmation that the deal is poorly understood. Your friend asked all the questions of someone totally ignoring the uranium. The sooner people understand the value of the uranium the better the deal would be understood. The gold has been mined for 30 years, the uranium has not been mined at all. The gold is high cost on it's own but very low cost with uranium. Modder east is a top quartile mine for a reason, because there are very few mines globally with that production cost profile. Further the revenue potential for this asset is as good as modder east post uranium credits. One more time - this is a gold uranium asset or uranium Gold asset , why can't people understand that. The upside is there is a good chance that as they develop the uranium ( which NF has done) they may still make 50-75 million plus per annum on the current gold production of these assets For a moment think picture this Modder east 400 cash costs 150k per annul These assets 150k per annum 600 cash costs per annum ( 3 years time) Vburg 400 cash costs 120k per annum
Goldone are positioned to be a generator of revenue beyond our wildest dreams.
GDO Price at posting:
42.0¢ Sentiment: Buy Disclosure: Held