Yes, one of the reasons I wanted to compare some of NYSE / TSX etc sub 500mill Gold plays to the ASX micro-cap producers which I've found quite expensive to the likes of GAU .. for one not many have a 45% share in a 5Mtpa CIL plant + 5Moz near surface resource .. Plant alone replacement cost alone is some $400mill+ ...
then x-factor wise you have GAU the operator of the mine has 45% JVP Goldfields wanting to make a decision on there position ..
By Jacob Lorinc
September 20, 2023 at 9:27 AM GMT+12
Gold Fields Ltd. will decide whether to keep or dispose of its stake in its smallest gold asset within the next four months, according to interim Chief Executive Officer Martin Preece.
The Johannesburg-listed firm is “exploring all the options” for the Asanko gold mine in Ghana, including a total divestiture or a move to boost its ownership, Preece told Bloomberg.
Makes sense to me that an operator keeps the project aka GUA buys out GF 45% .. through a scrip deal + cash payments over the next few years ... this IMHO will be great for GAU to hold 90% and forward plan to become a major Gold producer that will if successive command 1-2Bill cap in time if they can extend LOM 20yrs+ etc