VEC 0.00% 1.2¢ vector resources limited

Ann: Adidi-Kanga Gold Project Acquisition and Update, page-107

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  1. 5,172 Posts.
    lightbulb Created with Sketch. 2011
    Yeah its all very interesting , clearly the market would like to know more , that can not be disputed !

    Its interesting that AngloGold Ashanti completed a Feasibility Study for the development of the Adidi-Kanga Mine and commenced
    initial mine construction activities with the purchase and delivery to site of 70% of the mechanical equipment proposed to be installed under the Feasibility Study.

    So the numbers were good enough to spend US$500mill ( On only ) a 2.9mill SAMEREC and start mine construction. Its also very well documented why they unloaded Adidi-kanga , it revolves around the Gold price and being over committed at the time ( Basic Survival ) But it been posted so many times here before , Ill will not get back into it !


    Market wants more information ATM , its that simple !
 
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