Predictive Discovery (ASX:PDI) - Managing Director, Paul Roberts - The Market HeraldManaging Director, Paul RobertsSource: The Market Herald
  • Predictive Discovery (PDI) has strengthened its land position within Guinea's Siguiri Basin with the acquisition of the Argo permit
  • Furthermore Predictive's subsidiary, Kindia Resources has been granted the Bokoro exploration permit
  • Argo was granted in October 2018 and is currently being held by Argo Mining
  • However, Predictive is able to acquire 90 per cent of the Argo permit through a cash payment of US$100,000 (around A$137,493)
  • When a decision to mine has been reached, the company will acquire the remaining 10 per cent in exchange for a two per cent net smelter royalty on production
  • Predictive is steady on the market and shares are trading for 7.4 cents each