Brad75, Rex Harbour and Associates also bought into Mintails MLI, as well as Medusa MML, both over 10%. So is obviously that he wants exposure to gold. If he / they moved out of Sterling back in 2009, that was also a very smart move.
Mintails seems an interesting operation based in SA, taking gold out of tailings, focusing on gold only now, rather than Uranium. Market Cap only $34m. Resource 3.086 million ounces, moving towards Indicated / Measured by the middle of the year. Cash burn of about $1.2m a quarter with current cash of $2.6m, with a second part of the operation (Mogale Gold 2) coming on line shortly. Some issues with finding / using water, etc, but they seem close to resolving. Might be a good investment.
Interestingly reclaiming gold from tailings similar to the Sardinian project for KRM.
KRM Price at posting:
70.0¢ Sentiment: Hold Disclosure: Held
