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07/03/19
16:43
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Originally posted by apkjm
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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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Facts are always worth repeating I think. Good reminder - Anglo must have had decent numbers from their feasibility study to continue with the project. Looking forward to our DFS.