Hey Nord, its.... at first glance, a very impressive farm-in/aquisition.
The upfront cost is minimal considering the quality of the drill results (at first glance).
Then... you starting looking at the detail (it's fairly convoluted to say the least!)
Finally....
So the total figure... is vastly different to the headline. Though if they can prove up a 2m ounce deposit, it will not matter hugely in the scheme of things.
My first actual thought was, why have the likes of PRU, or WAF, or Tietto or others... not have acquired an asset like this... I mean... are they just not looking? Is it simply that TCG are too savvy?
I have watched this since it's IPO and.... I guess this move is a sort of acknowledgement that their other ground is just not that great.
Good luck to holders, TCG seem bold enough if nothing else.
(20min delay)