30 million WestGold Shares for MurchisonCurrent WestGold price is $1.35.
The question becomes would you rather have WestGold managing our future investment in Murchison or Monument .
For $40 million in WGX shares...about 30 million...my preference would be to accept such an offer.
It removes our future costs of development while WGX owns its own drilling and exploration equipement and is an established underground miner in Murchison .
We would get about 1 WGX share for every 12 or so MMY shares.
I would certainly accept this offer if all proceeds went directly to shareholders as our long awaited dividend.
How about you ?