Re X'5 Just WhenHey Golden re the math. There are so many ways to value an operating miner, so for this example I valued Gibraltar from a 100% replacement cost, everything in, even the paper clips, at $2 Billion.Then divided the above worth by the approx 270,000,000. shares, and the result was $7.41. There's always some juice in these deals, so I rounded it out in total at $10.00
And then there's the Florence. With the Curis purchase of $80 Million, and costs to date on site, likely a total of $200 Million . Then add mine build costs of $230 Million, for a total of around $500 Million for an operating second mine.
Then there's the rest of the show
If you have concerns, take a look at when AngloAmerican sold their deposit. The sale price, and how many bids there were, and who the bidders were, stunned the mining world, absolutely stunned all watchers. There was a lesson there.
When we are ready, it will be no different here
Believe it!