What Spec said. Annual cost to have a tenement mothballed is lower than the cost to find and acquire a new one if things don't work out with the company's main projects. it's all about having an exploration pipeline.
In the meantime, if the top 3 projects are successful and the focus is squarely on them, the other tenements could possibly be sold off.
In the end the 'Recon' and 'non-operated jv' tenements are assets
What Spec said. Annual cost to have a tenement mothballed is...
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$1.31 |
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