I think managements language is pretty clear... they're not interested in mining in the Pilgangoora district; their they would just be a small fish in a big pond.
It has always struck me as strange that DKO have not drilled on the tenement border to PLS' Monster deposit. I remember, in the only conversation I could get with David Francis (after many attempts), he was very positive about those results when they came out, yet we didn't send the drill over that way!!!
I think management would be happy to sell its whole Pilgangoora tenement package for the right price, so that they can move to becoming a big fish in a big pond with few competitors over in Europe. PLS buying out DKO's Pilgangoora tenements would be logical (and maybe what DF has had in mind all along). However, I also wouldn't discount interested players like MIN, just for the sheer fact of spite from their deal that's gone sour with PLS.... and MIN are very cash loaded
If DKO management did sell its Pilgangoora interests, what would be the right price to recoup expenses and be compensated for a lost future income stream...... I would take $20-30M but would that be to cheap??
Add to My Watchlist
What is My Watchlist?