From what I can see Sunridge has 5 deposits, none of which appear outstanding. They are relatively cash poor and as the article mentions could be a takeover opportunity. Feasibility is due out in April.
I don't think it is good enough for Chalice to get involved, even when Sunridge become desperate.
Sunridge tenement being so close to the capital city must also pose some social and environmental problems.
Just on these VMS deposits, Nevsuns Hambok deposit is not considered feasible on it's own.
Chalice should be due to announce drilling results in the north if Mogarab North. I guess if they are no good, they just withhold announcing them, or do they announce them anyway?
So right now am I correct to say that in all of Eritrea it is only Bisha and Zara that are commercial feasible, be they both incredibly feasible?
I guess the time frame for Chalice is cleverly but quickly explore Mogarab North, and if nothing big is found by April, then concentrate on taking over other African gold exploration companies who have advanced massive deposits. It must be exciting times.
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