Domba is only a 3 month operation. Chances are it's already...

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01/06/16

19:22

Post #: 17927428
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Originally posted by Jack_a_Hearts ↑

It will certainly be interesting on how a Morila deal may unfold.

I would hazard a guess and suggest that it has already been spoken about by the joint Morila owners, either officially or over a meal and a drink, on what would be the best way to go about capitalising on the BGS assets. Bristow is certainly no mug and would be looking to maximise any potential profit, so perhaps they may be asking themselves...."how do we get this at the cheapest price?". That's an option I think that would be preferable to the group than offering a JV deal.

If the Li drilling results are positive and show a lot of upside potential, then perhaps a cash buyout of the BGS gold assets would be a good deal for all, by giving a gold asset that Morila could maximise and also a funding solution to get the BGS Li mining up and running with the funds from the sale.

Quite a few options to consider, so just mulling them around in my head.

I just can't imagine Bristow walking away from it though, not with mining ounces on his doorstep and a plant and staff all geared up to make the most out of it. Randgold are all about maximising their profits, which Bristow is a specialist in doing, so therefore makes no sense for him to not at least make an offer at some stage, imo.

Has a deal already progressed (unofficially), subject to Li results?

Or does Bristow feel he can leave KJ hanging for a few years because of Doomba production?

Ah, gee....so many variables to consider.....lol.

This post is probably a waste of time........just sharing some of the BGS thoughts that are floating around in my head.

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Domba is only a 3 month operation. Chances are it's already commenced mining. If they want BGS ore they will be making a move before year end IMO. A deal that suits all parties will transpire soon enough.

Otherwise Morila will be producing their break even tailings till 2018 and leave hundreds of millions in the ground at Massigui.

I just don't see that happening, especially at a higher gold price.

BGS Price at posting: 30.0¢ Sentiment: Buy Disclosure: Held
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Domba is only a 3 month operation. Chances are it's already...

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