AFR streetalk has deal done with BHP $40miilion, page-5

Deal only includes Kitlanya East and West as far as I can see..

This is a relief for me.

Plenty of value left in CBE post deal with Okavango and Ngami still under the CBE flag 100%.

A JV with others down the line for these other projects perhaps?

The BHP JV now secured plenty of funding to drive development and we will see how big the potential is for this part of the Kalahari Belt.

My thesis for investing in CBE and NRX is playing out nicely and both BOM have embraced the reality of how exploration is going to happen into the future.

Juniors cant take on the growing cost and risk with their tiny balance sheets and a risk adverse investment community while Major are now seeing real risk/reward in them and subcontracting out some of their exploration ambitions for peanuts.

The best option in the current junior space is teaming up with a big daddy and they don't get much bigger than BHP.

Congrats to the BOM.