Hi all.
To elaborate a little further.
If we look at the light brown hatched section ( red line ), we are now 50/50 with novo in a JV with Essential Metals.
The light brown hatched ( blue line ) 50/50 with novo in a JV with Peregrine.
All other light brown is 50/50 with novo.
Blue hatched, 50/50 with novo.
All the other blue is 100% deg including the Van Maris on the left of ( Farno- Blue hatched ).
As I recall, the plain blue was 1290km2
That means the $25m spend over the next 4 years is over a large land area.
It does secure a great deal more potential for the coming lift ion the old price.
If a major wanted to acquire this, I reckon the premium will lift rapidly particularly as they prove more presence of gold throughout.
I hope I am interpreting that correctly.
Kind regards, Wack.
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