Well...ASO have been trying to sell the Ni & Gold for a long time....nobody wanted them.even CNC who are Nth of ASO Ni same assays & more tonage who are about 3 to 4 years ahead of ASO and have off takers etc for the Ni......the Market valued ASO the Ni & Gold @ $13 mil hence the current deal with TOR, Tonga managed to swing the deal & by sweetening the deal with him & hes mate buying 20mil shares in TOR with free options and a loan of $1mil plus to cover the transfer costs.......and the fact that ASO has about $4mil in the bank which TOR can use........so in the end TOR will have about $6 mil in the kitty & around 500mil shares on issue and a $1mil + loan @8% ....what plans are in play after that ?? The Current TOR MD says drill baby drill.....well they are gonna need a lot more than $6 mil to drill baby drill and prove up real producing gold mine, Time will tell where we go from here.
Cheers My Take DYOR
TOR Price at posting:
10.0¢ Sentiment: Buy Disclosure: Held
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