re: Ann: Binding Heads of Agreement with Mung...
How would the Mungana Goldmines Independent Expert recommend this as a fair and reasonable deal? Mungana is selling 100% of the GRA for the $36.7M; selling 2.7Mozs Au,273kT Cu,34Moz Ag, is selling a project that has a favourable BFS Stage 1 study completed. The Mungana 2012 Annual report( page 17 under Corporate) has the Mungana Project written down to $46M, from a previous $126M, bacause of the Kagara problems, and now the project is written down to $36.7.
KZL Price at posting:
12.0¢ Sentiment: None Disclosure: Not Held
