Lingbao Gold Details Valuation Assumptions for Simberi Mine Stake Acquisition
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Lingbao Gold Group Company Ltd. has detailed its acquisition of a 50% plus one share stake in a company holding the Simberi gold mine. The valuation, conducted by a Big Four firm, is based on discounted cash flow and includes assumptions about stable laws, macroeconomic conditions, and the authenticity of provided information. The stock is rated a Buy with a target price of HK$20.50. Lingbao Gold focuses on gold mining and resource acquisition, with a current market cap of HK$24.41B.
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