Whilst the performance of key current asset, Pajingo wasn’t exceptional, there has clearly been significant planning to achieve Conquest’s short term goal of becoming a 300k+ ounces per annum producer, at substantially more favourable costs.
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Conquest Mining (CQT) : Significant new force in the Australian gold scene
This merger makes a lot of sense from a Conquest perspective, not only through the increasing footprint in Queensland and “big is better” argument, but also due to the discount to our valuation paid for the Newcrest assets and also the premium the Conquest shareholders receive in the merged entity.
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Conquest Mining (CQT) - A Klein Atising
We initiate with a POSITIVE recommendation based on discount to valuation and strong growth projects.