All on the tenement maps. The tenements in question are jointly held by Grosvenor GOLD(formally Eagle Gold,London based and now in receivership)and Jackson Minerals( which is now called Cauldron Energy after a merger between Jackson and Scimitar). Now BUKA (BKG) has done a deal with CAULDRON (CXU) where CXU has agreed to sell it's 100% owned subsidiary JACKSON MINERALS,as well as other non-uranium exploration projects to BUKA GOLD. 18 separate tenements are jointly held by Grosvenor Gold and Jackson Minerals,all in this area,a massive land holding in this hot area. Have been thinking,there could be a bit more value to this,because Jackson must have origionally held this ground in their own right for them to be 20% free carried to DTM.Grosvenor must have been earning their 80%.With most J/Vs if work commitments are'nt met or the J/V partner pulls the pin then the tenements normally revert back to the original holder.If that happens then BUKA has a huge asset. Could be interesting,as I say opportunity knocks!!.
BKG Price at posting:
7.4¢ Sentiment: Buy Disclosure: Held
