value of Jubilee
I found a link on the Merrex web-site for a valuation done on Jubilee in 2007 - (https://www.merrexgold.com/i/pdf/43101_feb122009.pdf). The value assigned was estimated at between $4-$5 million. Given that zinc and lead prices have pretty much disappeared without a trace since then, let's say it's worth $2 million now. Would it not make a great deal more sense for IMG to just accept that its inclusion in a deal is just the price of doing business and sit on it until base metal prices recover before fobbing it off?