The unseen upside always lay in the exploration potential of the leases along strike and not very far from the mine site. Brimstone as the past operator earning a majority interest had the geological insight and identified these targets but was taken over by Lion Gold of Singapore who lacked any exploration or mine development ability whatsoever and let ERL take back control who are not so exploration skilled.
There is still time to conduct such exploration to add resources but that takes a different skill set.
New Feature Announcement!
We’re excited to introduce the DealRoom portal, now live on site, providing users with exciting access to private equity opportunities for both pre-IPO and publicly listed companies.
See full details by selecting the new menu item named 'DealRoom' on our main menu bar or click below.
Stay ahead of the market, with HotCopper.