Ann: AngloGold Decision on Rover 1 Clawback Due 2, page-20

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  1. 1,571 Posts.
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    re: Ann: AngloGold Decision on Rover 1 Clawba... I cant imagine Anglo will walk in at 400pm on 19 Oct and throw the money down, if they are serious about this thing it will happen in the next 2-3 wks . IMO.

    Recent Email 3/9 2010 from Boss WGR Andy Beckwith,

    "The approximate $50M is the total payment should AngloGold elect to enter the option to
    earn back into Rover 1. Then they would need to sole fund drilling to define 2Million ounces equivalent and then sole fund a feasibility study before earning their 75% in
    the Rover 1 area only.
    I'm not sure when Adelaide will put out their results but most of ours are currently in the lab as we speak so should not be too far away."

    Cant wait for some more good numbers. DYOR GL.
 
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