Santa Fe should acquire Beadell's giant Tucano gold project. It could be just the boost they need. A few years ago, it boasted the highest-grading pit in the world. Then, they had some bad luck with operations and the gold price.
The new owners, and full disclosure: I am an investor, are looking to list in Australia. It will produce over 100k oz a year and is an excellent area for growth. Anyway, just a thought: if management is reading, they should reach out to them, as the CEO is an Aussie and keen to bring the mine back to the ASX. They need an ASX-listed partner.
It is worth the few minutes to watch the video about the project. They have funding, so Santa Fe does not need to find any money, just the ASX listing partner. So many ASX companies are going nowhere. They are sitting on resources that could transform them for their investors but seem happy just ticking along.
I urge investors to reach out to management to push them to take on a private that is going into production before the good deals are all taken in this new gold bull market, if it is not Tucano, then something like that.
SFM Price at posting:
3.2¢ Sentiment: None Disclosure: Not Held
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