I think a takeover at 80-90 million for just the reserves puts it at I think a value per ounce of only $30aud!
That is crazy cheap for more economies of scale
I do agree they are on the riskier spectrum and I also think the fact that DRD own 6.66% at the moment, they seem the prime company to acquire 100% interest
The 4.4 billion usd resource, page-6
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