Not the project acquisition we’ve been promised! Where is it Fabian? It’s Kingsrose turn for some action.
BUT
A few thoughts.
- Further strengthens BHP alliance.
- Low cost for a large land package. Seems like a “let’s deploy our new exploration techniques and see if anything hits” kind of play.
- Although insignificant, previous hits show geology could be there… somewhere
- no material change to bottom line
- BHP group obviously happy with exploration performance so far.
Won’t move the SP but shows maturity in the BHP alliance which is always positive.
Ann: Kingsrose Acquires the Jakon Project, Finland, page-7
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