Yes, it does not necessarily mean spending $1 billion on an aquisition.
It may mean amalgamatinag several smaller aquisitions . . . and not necessarily parting with a lot of cash . . . but rather a bit of horse trading as we saw in the MGX - FEX deal.
MGX did not included their mined out iron ore mine at Tallering Peak in the FEX deal. MGX are currectly drilling the Tallering Peak area where other juniors have proven successful in base metals.
MGX has the ability to run a tape measure over a project. MGX has a history of successful / profitable aquisitions.
MGX has stated they intend to stay in the base metals business.
MGX Price at posting:
56.5¢ Sentiment: Buy Disclosure: Held
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