I think the acquisition is great....I will hold and see how this pans out.
Existing infrastructure is the bonus in this story...they could easily get a toll agreement with one of the near by production facilities. It's a very high grade resource which could be cheaply extracted and transported. Cash costs by closure was sub 345 US ....thats at the very low end of costs and at today's POG it would be a very high profit margin operation ....plus a great looking exploration potential for more high grade ounces....
Ann: Acquisition of High-Grade Gold Projects in Western Australia, page-9
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