B2Gold Proposes a Superior Business Combination to Central Sun

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This is a very good offer for BTO and there's no fear that the bid will not be accepted as an earlier bid by LRR had actually already been accepted. The BTO bid is a 45% premium over LRR's earlier bid.

That may seem a lot, but SMC should produce 125K oz of gold in 2009 at a cash cost of $450, which tells me that it would take BTO one year to earn back its investment!