ANL 0.00% 0.1¢ amani gold limited

new subscriber with many questions, page-12

  1. 12,484 Posts.
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    It made a lot of sense for PRU to buy-in when Balatindi was looking like a good thing. They can have BYR pay for and manage all the exploration and hold first dibs when a resource is proven up.

    PRU had hinted they may have fast-tracked Balatindi to keep their construction activities rolling and end up with 3 mines in production. But now that Balatindi has fallen by the wayside it is still reasonably worthwhile for PRU to maintain full commitment because BYR have some reasonable ground and it is not a lot of money for them to spend to hold their options open.
 
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