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Junior sells gold-base metal project for double its market value

Non-core asset divestment reaps significant value versus capitalisation

Michael Quinn
Lewis Ponds, NSW

Lewis Ponds, NSW

Godolphin Resource, a microcap with an enterprise value estimated to be about A$5 million has sold its Lewis Ponds asset in New South Wales for $11 million cash. The buyer is an unlisted company called...

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