Ramelius Outbids WestGold for Musgrave
WestGolds bid of $177 m was bested by the $201 million of Ranelius for The Cue Gold Project
Cue has a JORC Mineral Resources of 12.3 Mt @ 2.3g/t Au for 927koz..
WestGold is desperate to acquire more resources.
It has an excess of 1 million tons of processing capacity looking for a new source of gold ore.
Look for an unsolicited offer from WestGold ..