Good luck to them, if they think it’s better than Spartan, go for it.
Karora shows their latest quarter has 6 million in FCF, so they are gambling on a ramp up being successful and paying the 1 billion price tag for a 1.9 g/t orebody in a known nuggety region while the operation is barely in the green.
No doubt they are feeling a little silly for being stubbornly negative about the prospects around Dalgaranga for so long. NN is a game changer
Ann: Exploration Update - Exceptional Intercept, page-111
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