Perhaps not so significant after all. Oh well. It'll be interesting to see how this one goes. Wouldn't you think its good news to be a placement at current SP?
You might be right about Jampang - from what I can tell they haven't spent the cash yet on the plant which is probably why its not producing anything (and its small and not configured to get the best value from the mineralisation anyway - I'm no engineer though). And that might indicate a lack of confidence in the deposit. But I would have thought they'd shore up the resource before making a decision if its not going to cost too much. The Mispec resource results I thought were pretty good from back in 98(?).
I think I remember doing some numbers that mispec payed about $10m ten years ago, and full costs for AUK were about the same a decade later. Not sure if my numbers were right though ... but I thought it looked cheap by comparison.
Hmmm. Pathway to a drill program on its way at the very least.
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Perhaps not so significant after all. Oh well. It'll be...
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