No mention in the announcement why the Galane deal fell through.
Overall estimated minimum value is $15M if projected production is reached, maximum depends on the value of WGX shares at the time of disposal (escrowed for 12 months).
Given WGX shares have traded higher and depending on the gold price, it is reasonable to assume that there is scope for a higher valuation.
Ann: WGX: Westgold Buys Andy Well and Gnaweeda, page-2
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