@dan-sh
$5 million cash gets the company well on the way towards a 2Moz resource IMO once Tramore is brought into the resource statement and it probably pushes the mine life out to around 10 years.
CMM might be alone but the predatory wolves will be salivating at the gate. Eventually one will find its way through the gate and see that $86.5 million is as cheap as chips for this story.
I wouldn't be surprised if the RRL announcement today hasn't already got others running the ruler over the project.
Also, lots of hidden value with unexplored and underexplored areas in what is fundamentally a new gold field. Also as mentioned, the government sponsored deep drilling proved that Bibra is continuous for~2km down dip. There are geological prospects of finding high grade shoots related to fold closures or intersections with the faulting that is the plumbing system for the deposit, down dip IMO.
All this talk of the price falling if RRL pull the offer is for fairies. Even if it does we know what we've got, only a matter of time before the wolves are at the gate again.Esh
Ann: RRL: Response to Media Speculation, page-60
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Last
$6.49 |
Change
0.050(0.78%) |
Mkt cap ! $2.397B | |||
| Open | High | Low | Value | Volume |
| $6.43 | $6.55 | $6.37 | $6.461M | 999.2K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 2845 | $6.48 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $6.50 | 4682 | 3 |
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