From speaking to the company the sole purpose of the CR was to kick off exploration of Binjour which is the company's flagship project and in no way was intended as a replacement for Noble. I understand the issue with Noble is more on some costing issues and the companys are not far apart, however, if no deal is struck the company is confident that it can find a replacement. It doesn't seem at this stage they wan't to go it alone but rather get this one going with a partner and preserve capital to focus on the bigger projects down the track.
They probably good go it alone but that may risk having to raise a more capital down the track to fund exploration IMO.
ABX Price at posting:
26.5¢ Sentiment: Buy Disclosure: Held
