This is extremely smart play by overseas players (namely...

This is extremely smart play by overseas players (namely Mega)

The potential downturn in the equities markets due to inflation concerns means it becomes harder for companies to raise large amounts of equity - these U juniors have good ground and JORC resources, but they simply dont have the cash to pull this stuff out of the ground.


$90m fully diluted - compared to the in-situ value of the resources they have.....

This is a steal for Mega.