Gold Digger: Is Genesis' $600m bid for Leonora a good
SBM will receive an extra $60m shares if the 1.7Moz "pit without peer" Tower Hill deposit comes online in 2-3 years' time. SBM will own ~15% of GMD on completion, extinguish a bunch of debt, and keep of 50,000ozpa Atlantic and 80,000ozpa Simberi.