My take on it is that Morila is being rehab'd, RG is going ahead...

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12/05/17

12:12

Post #: 24650295
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Originally posted by Jack_a_Hearts ↑

https://finance.yahoo.com/news/randgold-resources-loulo-gounkoto-sets-152136602.html

Morila, Mali, Tuesday 25 April 2017 - The Morila operation continues to deliver value in its post-mining phase while progressing plans to develop the site into a commercial agricultural hub after its closure in 2019, Randgold Resources chief executive Mark Bristow said at an on-site media briefing today.
The Morila mine, which has since October 2000 produced more than 6Moz of gold and distributed more than $2 billion to stakeholders, is currently processing tailings and returning them to the open pit as part of its self-funding closure strategy. Its self-funding capacity will be boosted by the development of the Domba satellite deposit which has now been approved by the local community and the final environmental certification is now awaited. Mining at Domba is scheduled to start after this rainy season.

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My take on it is that Morila is being rehab'd, RG is going ahead with Domba and AGA aren't included, so a processing solution as far as I understand it wouldn't include Morila. If BGS tenements were so important to keep the processing facility in operation don't you think the Malian govt would've sidled-up to BGS sooner to discuss the practicalities of getting ore from the various prospects?

BGS Price at posting: 22.5¢ Sentiment: Buy Disclosure: Held
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