NPM 15.4% 1.1¢ newpeak metals limited

Ann: Dark Horse to Exit US Gold Projects, page-3

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  1. 5,049 Posts.
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    I just want to iterate from the begging that this is not a negative thing. If there is no future, there is no point pursuing a land hold that is covered with arduous litigation. Their time and money can now be wholly focused in Argentina.
    For anyone concerned about the associated cost of this announcement, confide in the following:
    "Dark Horse will write off its accrued expenditure associated with the New Mexico Gold Project in its
    interim report for the period ended 31 December 2016, having already written off the Carlin East
    expenditure in the full year accounts at 30 June 2016."
 
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