AS1 6.25% 1.7¢ asara resources limited

No, You dont farm into a majors leases its the other way...

  1. 153 Posts.
    No, You dont farm into a majors leases its the other way around.

    Anglo has a large mature mine don the road and need more ounces for its long term future. Any decent ounces found on GMR's ground are a must to go through Anglos plant whether it be toll treated (if final resource is 1 Million ounces or less) or by some sort of cownership deal with Anglo.

    In reality, I cant see GMR hitting a big kahoona and then building its own plant. Anglo will simply so a deal so it can acquire the ounces. GMR will given a poultice to simply walk away with a cheque.

 
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