What is interesting is the IPO was floated on the Lachlan Fold Belt alone for 20 cents and was considered fair value.
Now you are getting Peru tenements and a processing plant for 5 cents on top of the existing assets, with no liabilities or debt and still a very tight capital structure. $770,000 per annum post-tax for the next 8 years at a market cap of 2 million. Whoever is reading this right now, don't say you weren't given fair warning.
Not many left in the 5c range.
CGU Price at posting:
4.5¢ Sentiment: None Disclosure: Held
