BGF ballarat goldfields nl

why did lhg pay so much

  1. 34,500 Posts.
    lightbulb Created with Sketch. 1
    See the AFR yesterday, basically if SBM is based on the valuation model of BGF (inferred resources), then what LHG paid for BGF on the inferred resources, SBM should be $1+. And SBM is already producing 40,000 ounces every 3months and ramping up. Plus all the other assets it holds and nickel exploration.
 
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Currently unlisted public company.

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