Does anyone know if Cardinal Resources owned 100% of their mine? I didn’t think so, and thought it was similar to WWI - I.e maybe 70/30?
I note as Cardinal Resources sold for approx 400mil with 5.1moz mine in Ghana after MRE approval and BFS.
I’m thinking WWI will declare at least 5.1moz in BFS and given SA is better than Ghana could be sold for a similar amount.
Good to know for any re-rate valuing post environmental/ MRE approval
THE 4 MILLION OUNCE BET, page-3269
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