So according to this extract below it sounds like the Co has a significant amount of info they are assessing. According to most analysts gold is expected to hit $2000 per oz by years end tells me this aquisition could be a very wise and opportunistic move by the Co.
"The project has had substantial exploration and ?technical? assessment carried out to date, and environmental, hydrological and financial studie completed. The company will review all data and assess the current exploration target estimate of 3.9-3.0 Mt @ 2.4-2.9g/t Au for 300,000 to 340,000 oz of gold*. During the due diligence period, other areas and known zones of gold mineralisation within the proximity will be assessed."
SRN Price at posting:
1.4¢ Sentiment: Hold Disclosure: Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)