General discussion, page-8941

@@oke

Hey i thought to answer your last post about on LLL here...

Regarding my comment about Barrick maybe buying Morilla.

Well...we bought Morilla of them for I think 25 mill? and Barrick merged with Rand Gold who originally developed Morilla with another partner. Rand Gold got very rich from the Morilla project - Morilla made that company. Rand gold also did a toll agreement with us when we were BGS (same company just renamed FFX) - we supplied ore to Morilla from our Massgui project . Unfortunately the ore was not high grade and importantly the POG at the time tanked hugely so our profit wasn't much , but still a nice earner...morilla was set up to take our ore.

Rand Gold owned all of the ground around Morilla way back. We got our hands on Massgui eventually and did a couple of deals with Rand - one of them the toll treatment...

So Barrick know the Morilla plant and project and tenements very well! They also know we spent a (Trump) uuuuge amount of money on the Morilla project including removing (all?) tailings and water and a few very positive drill sections etc etc.

Sell for 25 mill - buy back again possibly for somewhat less and meanwhile the plant has been refurbished and - as above, tailings (all?) removed, a lot of positive new drill results within the Morilla project and Massgui...Barrick would have the cash resources to apply to Morilla and certainly have the person capability.

Only, the reason they sold it originally was that it became small fry to them . They have much bigger fish to fry.

i spose its a possibility that they might rethink Morilla and buy it back. Especially if the buy price would be like 1 Mill or something.