admiral bay

Just wondering what a sale price could be

$55 million has already been spent to get the PFS done

A world class Tier 1 resource

With global demand expected to pick up eventually
There is no doubt that this project will make huge profits

Being realistic the Chinese are the only real Interested potential
Buyers

Aussie companies are on the back peddle and would not be
Willing to invest unless the price was ridiculous

I would think there would be a few Chinese companies willing to
Pick it up cheap to put in there portfolio for selling or developing
At a later date

To me $30 million should be a minimum

If it goes for $50 million then the chance of relisting are
Very high

Dificult to decide on a price in the current market
Anything under $25 million is a real negative

Just putting up some numbers for discussion