That is the question I had in mind when I saw the announcement, how much did they pay for it and how it is funded?
No suggestion it's a JV
That try have had their eyes on it for some time is telling.
Another that try probably has in it's sights is The Kaburi Project which is located 4 kilometres north east of the currently operating Smarts Mine and has try Goldstar prospect to the north west.
Looks like the market is digesting this, small lift in the SP but little in the way of volume
TRY Price at posting:
11.0¢ Sentiment: Buy Disclosure: Held