re: Ann: JV Farm - In - Chrysalis Resources D... Considering the ground & leaving the Fong issues aside, it's a very good deal.
EMG recently bundled up their Bryah Basin tenements (plus one or two other bits & pieces) and are offloading them in an IPO valued around $8 million (from memory). They managed to get a Chinese mob invest for a share of that.
The EMG ground looks good, but the CYS ground does appear to sit on or around the same NV that yielded Degrussa. Plus of course being adjacent to Halloween it's a good fit for TLM.
I've always thought the CYS ground was very good albeit only small. 60% for a $500K spend over three years is a bargain & it shows the value of being cashed up at this time, smaller explorers have no hope of raising cash.
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