taurus buys again, page-13

Jwa -

Good thinking re: Taurus following the Lion gold model. But instead of going around buying a bunch of crap projects like Lion , Taurus are positioning themselves to secure high quality projects with scalable potential. So for now , they don't care about the paper value of the stock , only matters how many they can get and how soon.

If they did something like Lion gold , and pulled it off , and the POG remained steady above 1600 , it would likely be viewed as a total master stroke a few years from now . They would be doing what the majors have failed to achieve by consolidating the West africa mid tier space to create something greater than the sum of its parts.

Isn't this how Barrick gold started back in the day ? Growth through acquitions , acquitions and more acquitions...

For those not following Liongold , here's what they are up to :

Overview

LionGold Corp is Singapore's only Main Board-listed gold company. The Group has rapidly established itself in the global gold mining industry. Since March 2012, controlling interest in five gold exploration and mining companies has been acquired, two of which are in production. Primary concessions are in Australia, Ghana and Bolivia and collectively hold 5.5 million ounces of gold resources, of which nearly 900,000 ounces are classified as reserves. Future expansion will be achieved through further acquisitions and organic growth.

The Group aims to become a global gold producer and is initially targeting minimum gold resources of 10 million ounces, reserves of 2 million ounces and annual production of 200,000 ounces by 2014. Acquisition prospects will have scalable resources with scope for rapid enhancement. Targets include mining companies and projects in an advanced stage of development or a nascent stage of production across a range of geographies. The intention behind this selective approach is to unlock asset value while building out the gold business.
Developments

Since changing its core business to gold mining, development and exploration in March 2012, LionGold Corp has completed the following acquisitions:

Company Location
Castlemaine Goldfields (100%) Australia, Central Victoria
Signature Metals (76%) Ghana, Ashanti Gold Belt
Brimstone Resources (100%) Australia, Western Australia
Minera Nueva Vista (100%) Bolivia, Bustillo Province