Someone comes along and offers you $350,000 for it — 35% of the value. Unless you are truly desperate for cash, you will of course decline this offer, politely or otherwise. Suppose now you have a share in an asset worth $3.5 billion, and an offer of just over $1.2b comes in — another 35%. Well, the actual asset at stake here is the gold projected to be under the surface of a quite large expanse of Central Otago by an Australian mining company called Santana. What its sponsors are calling the Bendigo-Ophir Gold Project would, over many years, yield an expected $6b of marketable gold, generating profits after mining costs of around $3.5b.

Source: Otago Daily Times January 21, 2026 03:35 UTC