RE: Pog17 Jun 2019 01:30
U,,I,El,as you say,rb has multiple stakes .cnr is a very small part of his pf.He hasn't bought in the last couple of raisings or during the bargain time as far as I am aware.I think Mellon has more say,having been invested much longer,with a larger holding.cnr was put up for sale with him being a director.rb held a good chunk of Dalradian which was sold last year .although it is a nice comparison for cnr I do not think RB made a big profit.less than a bag I think.
I think long term the plan was for a sale here but the market and politics havnt been kind to that scenario.Otherwise we would likely have been in production already and funding further exploration from profits as in Aaz.they have ainsc of around $ 550 and producing 80k oz eq pa. m cap around £100m and no debt
Hum are producing over 100kper year aisc around €900 ish If my memory serves.m cap £55.had their problems but i think they are on their way back.hope so as I bought some last week.
Shg 80 k oz $700 aisc from memory.mcap circa £55
Cey shows that even with problems ,once you get above a certain size them cap gets considerably larger.450 k oz over £1 b m cap.
Ross beauties Equinox bought a producing mine in California for $150 m churning out 140 k oz for decades with a 2 m resource and more exploration targets.aisc about $950 and low grades but for $20 m more than our mine build.
B2 have a slice of Calibre who use Cnr in their comparison chart and are valued lower than Cnr against their peers.cnr will not be the only possible customers for b2 plant but would be very useful.I am sure b2 will make the most they can for it or possibly have another site for it.
Let's hope mc has the finance in hand.I fear your 100m shares maybe hopeful but we will see.I am encouraged by the fact mc sell up incentive is dictated by the share price not the m cap.
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