RE: Cornerstone Placing25 Nov 2020 11:41
Lafitte - never saw it that way! Good spot.
So the question is...why hasn't anyone bought out CGP. Assuming the mine is worth $20Bn. CGP's part in that would be worth $3Bn in terms of valuation.
Surely someone could buy CGP @ say.....double their Market value ($400m) + throw in the build costs of say $500m, let's make it $1Bn. In return, they get $3Bn eventually. Not a bad return eh?
On the other hand, they don't bid, instead they bid for Solg and get CGP thrown in for $3.5m.
QED.
Z