Its great that Galaxy is now going to drill on the joint venture north Mount Cattlin site that Traka is entitled to 20% free for any production coming out. According to Commsec, Galaxy's market cap is $859m and I believe that the largest amount of that figure would be due to their Mount Cattlin site. Traka has a market cap of just $6m. Lets hope that the northern site proves to be as good as the Mount Cattlin site alongside.
Not only that but Traka has just got us an Exploration Development credit which appears to be about 4% of the current share price.
GPASAS
Ann: Exploration Drilling - Mt Cattlin North Project, page-2
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