gullewa acquisition

They have horribly overpaid for this asset. The 650,000 Au equivalent is suspect, only 230,000 being measured and inferred, a long way off 650,000 yet...the mill hasn't been operated in years and will cost a bomb to get going again, and their JV partner ATW are a bunch of spivs, do an internet search on them, they have a reputation of ripping Canadian shareholders off big time. ATW put 17 mil into this asset at the very top of the boom several years ago, and MYG are paying 13 mil for 100%, plus have to explore, re-start the mill, etc etc. I would have expected a much cheaper entry price, not top dollar and a lot of risk and more dollars to go to get it proved up and operating, be very wary...