I'm not convinced this is a good acquisition. In my opinion, the historic data in terms of intersection widths and grade, as presented in the announcement, seem mediocre. I think the cash for this acquisition could have been used better, i.e. to prove up CLF. I'm not in favour of juniors opening up multiple exploration fronts as it dilutes focus on the prize asset, which has to be CLF at this time. Hopefully, time will prove me wrong.
DKO Price at posting:
14.5¢ Sentiment: Hold Disclosure: Held