Wow, this is a monster. They have already done alot of research, digitising everything.
They have gold in them hills at Marydale - Agama had drilling results which are outstanding.
50m @ 2.68g/t from only 8m!!
Will cost $4.5m to advance feasibility studies.
So we have effectively acquired an option to become a substantial holder >73% of an established mine site which has proven to be enormously profitable, with significant upside potential in gold and copper at a time when prices are depressed. By the time this goes into production prices will have significantly risen and we will be laughing.
There is not much not to love about this.
Ann: Option Secured over VMS Copper-Zinc Project in South Africa, page-2
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