I respectfully don't agree. Scoping study + current environment (sellers market) in China will be enough. Do you see any other ASX company with high grade near surface like BGS in maiden resource? When you're number one, you're a takeover target. And Chinese, unlike most western investors, don't care much for sovereign risk. Time and again they've shown this on the African continent in the last decade.
Now I'm not saying that a takeover will happen immediately. But someone is going to buy such a significant stake sooner rather than later, that there's no question anymore about who's going to be the new boss of Goulamina.
BGS Price at posting:
28.5¢ Sentiment: Buy Disclosure: Held
