Its hard to get any info on Jampang and the old Mispec tenement work, but my brief research seemed to indicate the original tenement was 10,000ha(or was it acres) but what AUK picked up was only about 350ha. Not even sure if Mispecs old 600,000 ounce JORC is in the area picked up by AUK or not. Thats kinda why I was wondering if its actually a good deal.
I would expect the plant is optimized for supergene ore rather than the primary ore. So there could be a very good reason why it isnt operational - when you consider any gold produced before the buyout is a 50/50 share :-) Trouble is we just dont have enough info yet to create an informed view.
AUK Price at posting:
25.5¢ Sentiment: None Disclosure: Held