Sorry all for bringing this rubbish to the top again but this has to be said:
The right to buy 50% of Cascavel expired last year. While previous management were happy to give away the farm to Anglos, the new team understands the value of these large high grade targets and has clearly decided to go it alone. Note the new presentation this week makes no mention of the Anglo JV. Anglos already own 19.5% (inc their OGXOD options). They are within 0.5% of making a mandatory offer. Why muck around with JV talks and minority partners when Anglos stated only last month that Brazil is their number one focus just at a time when the Brazilian gold Price is already up 20% this year alone. One good drill intersection or one good month at Cascavel and their hand will be forced to push the red button.
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