RE:Sibanye will have lots of cash for a buyout ....
I was just going to mention this! It seems to me that another reason management has increased the size of the initial capex estimate is to increase the size of Sibanye's clawback. Kerry mentioned it would be around $200 mil to get to 51%. So $200 mil to get an additional 30%
Based on that estimate what are people's thoughts on the price to get the whole 100%?
My personaly preference would be for management to see this all the way to production holding 80%. I really believe this is a 10 bagger from this market cap, but that would take around 2-3 years. A buyout from Sibanye would be a quick 4-5 multiple from here IMO. I'd take that opportunity to raise some funds to re-deploy for a coming commodities bull market.