Correct me if I’m wrong please NST recently purchased westgold...

Correct me if I’m wrong please

NST recently purchased westgold SKO operations for 80mill dollars. This included a 1.2 million tpa processing plant, 250k ounce gold resource, plus a producing underground mine 50k per annum.

We have a 2mill tpa processing plant and current resource of 1 million ounces.

Simple calculations would see our business being 4 times more larger on gold ounces alone. That’s a 320million price tag if you take the same value propositions as west gold recently got from NST. Provide any reasonable discount you like it’s still massively undervalued here given NST have already signalled thier intentions.

Some references
https://www.asx.com.au/asxpdf/20180308/pdf/43s89sdhwd62c3.pdf
http://echoresources.com.au/index.p...rporate-presentation-feb-18/download?Itemid=0