KMC is a $6.5m market cap. i believe it is about 35km away from...

KMC is a $6.5m market cap. i believe it is about 35km away from Norton's Paddington mill and deeper/much more expensive to mine/transport than EXg's ore, not to mention lower grade. This certainly makes more sense than what Norton are currently mining but EXG is still much more attractive and the ounces are lower cost/higher quality so should demand a much higher premium. It will be interesting to see what price the bid will be. I believe EXG will be the 2nd company than Norton has a crack at this year (certainly makes the most sense).

EXg is roadshowing in Asia (Singapore yest and Hong Kong today) and then head to Europe.

Zijin's chairman Chen Jinghe, who is also chairman of Norton Gold Fields, told Hong Kong media last month, that the miner aims to complete up to two acquisitions this year, driven by depressed stock market valuations of peers.

DJ today.
Australia's Norton Gold Fields Ltd. (NGF.AU), majority-owned by China's largest gold producer Zijin Mining Group Co. (2988.HK, 601899.SH), is poised to announce the takeover of smaller rival Kalgoorlie Mining Company Ltd. (KMC.AU), a
person familiar with the matter said Tuesday.
Norton Gold Fields shares were halted before trading began on Tuesday, pending an
announcement regarding an acquisition. Minutes later, Kalgoorlie Mining also entered
trading halt pending an announcement relating to a corporate transaction.
The deal is expected to be announced no later than Thursday, and follows an
ore-processing agreement in January between the firms which sees Norton Gold Fields
buying up to 280,000 tons of ore from Kalgoorlie Mining Company's Bullant Gold Mine
to process at its nearby facility.
Zijin's company secretary, Fan Cheung-Man, has said on record that the company is
eager to expand its presence overseas and secure more gold reserves. The Chinese company
acquired 89.2% of Perth-based Norton Gold Fields by way of a takeover last August.
Australia is the world's second-largest producer of gold, behind China.