SMR 1.24% $3.19 stanmore resources limited

Agreed Hags, great outcome. I've looked at this area a few times...

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  1. 154 Posts.
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    Agreed Hags, great outcome. I've looked at this area a few times and even modelled it, the only problem that half of the deposit was on the Anglo-Exxaro MDL and half was on Stanmore's EPC, so could never work without mutual agreement. $15m upfront and $20m deferred consideration (plus royalty) is a bargain for this area. Going to take a few years to get approved but probably ties in nicely with completion of Isaac Downs.

    BTW this seems a bargain at $2.87, I'm going to buy some more for LT hold.
 
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