For those familia with STA, there are some obvious potential synergies between Kwale and STA’s Tanzanian assets. Given STA has a market cap of $29m and needs considerable cash to develop the assets, Base would be in a good position to negotiate a favourable outcome. The big question is whether the Tanzanian resources are good enough to justify building a concentrator and trucking the HMC to Kwale. Tajiri has 147mt of resources at 3.1% THM with a good chance of more - but it has high slimes and doesn’t have the high rutile content of Kwale. Has anybody else looked into this before? Any thoughts?
For those familia with STA, there are some obvious potential...
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