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Mercedes’ not when you work out the value of the 20moz . At todays prices and current AISC . That’s $20bn + so easy maths 5% is worth $1bn and that’s still a steal, I worked on what the brokers said 12moz so that’s $12bn .. 5% is $600m but I think GGP would accept $400m
Merc, it wouldn’t be a good deal as it would hit our share price like a brick if that was it, even then it would still be under valued at $10m per additional oz! So we could get another $200m over 30 years .. sorry but no thanks !
Merc . The 5% will not just be valued on the MRE nos. Both companies have a very good idea what is down there, and it’s a lot more than 7moz, the 5% will include payment for future upgraded MRE’s to an agreed deposit figure, which could well be 20moz , if it’s not then SD isn’t doing his job
Jjnorton .. it’s so simplistic it’s stupid, the costs associated with getting the gold out is the AISC and that will reduce if they do block mining which is a dead certainty.
Out current market cap will have no bearing on the 5%, how many times do people have to be told that !!!!!
Dcgc.. nope you nor the market can use todays share price for what they think the 5% is worth, that’s just stupid ! This share price has been manipulated since 32p for what reason I cannot understand, only for large accumulations whilst, taking it up and down for huge profits !
C’mon Zoros $1400 POG .. you are having a laugh .. $700/$900 AISC deary me, do you not listen to SD and this is before they do block mining, which will happen. That again will reduce the AISC .. I don’t know about changing your spots, but you have become really negative lately .. has the current share price got to you ?