"As for the royalties, the gold royalty is very significant, much more than you make it out to be. $10-20m would be my discount estimate range"
How do you arrive at that figure? Zijin are struggling to make $ out of their Paddington field & that is a) handy to the mill - not miles away like BB, b) a higher grade than BB & c) has 10 years of mine life left. Gold will have to increase in value significantly IMO before Zijin even remotely consider mining BullaBulling.
Ann: Annual Report to shareholders, page-22
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Mkt cap ! $29.73M | |||
| Open | High | Low | Value | Volume |
| 1.2¢ | 1.2¢ | 1.1¢ | $11.76K | 1.060M |
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| No. | Vol. | Price($) |
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| 3 | 357346 | 1.1¢ |
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| Price($) | Vol. | No. |
|---|---|---|
| 1.2¢ | 4465861 | 12 |
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