it’s Definitely out of the ordinary for the company to not disclose the cost of the option in the ANN on Wednesday.
Maybe that last tenement to the East is under negotiation?
FYI the owners of the tenement directly East from Colina are the same folks who own Monte Alto and the Southern Tenement we just struck the option agreement over. So they would have some view already as to how much it’s worth.
Im now assuming Monte Alto is a duster. No news for 6 weeks despite the drill rig having been on site.
I guess they can now choose whether to move the rig from Monte to Lajinha, Salinas South or the new southern tenement along the current strike.
Lots of options and potential for further peg finds.
Ann: Application for quotation of securities - LRS, page-17
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