For what they got I think they paid a very small price compared to what others have paid for JV's in PNG. We will have an operating gold recovery operation early next year in a proven high grade new alluvial field with massive exploration potential. This is a big story and 2012 should see some extremely strong moves for this company. Interesting that the report also flagged the selling off of the SA assets which is obviously still high on the agenda.
bgf - coverage - target price 0.15, page-4
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