Just wondering if anyone had any idea how much Avocet's 25% stake in Olary Creek might be. It looks like around a billion tonnes, though there is still drilling to be done to get it there? Low impurities, good grades. It seems to me that if their partners were to mine Olary sometime in the future, the royalty they would get if they didn't participate in development would be at least a couple of hundrew million $. More recent transactions indicate their interest could be worth up to $20 million if sold now. If they sold the project now,does anyone have a feel what would it be worth?
AYE Price at posting:
5.6¢ Sentiment: Buy Disclosure: Held
