As a keen follower of the Cascade/Torian land asset package for many years, I must finally make some comments ;
I must agree with the positive sentiments of bitzer and others.
The Dampier deal is a win win for both companies. $2 mil. will define economic ore at Credo. Zuleika shear tenure has some amazing advanced targets, representing real discovery potential.
I believe, if the proposed expenditure is incurred, TNR & DAU will be jointly (50/50) in the gold mining business very soon. New JV spending partner, new directors (Technical & Finances) and realistic exploration budgets spells profitable times ahead.
Ann: $6.5M Farm-In Joint Venture & Investment from Dampier Gold, page-20
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