Canadian based Royal Road Minerals as recently as last week signed an agreement with Anglo to purchase exploration permits in the region for up to AUD $60mill.
Considering the deal with Andes would've been well and truly in its final stages, it does highlight the significance in consideration of the above valuation. I know it's easy to focus on the consolidation and dilution but just consider now what the combined land holdings and permits etc. are independently valued at....
Ann: Metminco to merge with Andes Resources, page-30
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