Baker Steel are some of the smartest operators in the gold space. My subscription research shows GDO as the cheapest profitable goldie on the ASX at the levels. The Rand deal (debt funded remember) looks much better at the current POG. I reckon B.S. is taking a long term position. 55c will look like peanuts in 12 months, IMO.
Baker Steel are some of the smartest operators in the gold...
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