More land is always a good thing as it increases chances of finding something.
Things I would note;
- It looks as though LEG got the tenament quite cheaply, I'm not sure whether this was because of good deal making or those that previously held the land think it to be of low value.
- It will be interesting to see how the exploration of this tenament is funded. This acquisition may bring forward the need to dispose of the shares the company currently holds, or raise funds through the market.
gold in west africa, page-2
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