Excelsior, What is your opinion on the purchase of the Bronzewing gold project in Western Australia by Navigator (NAV) resources from View resources (VRE)?
Is this something that BTV should have been after? Also what is your view of this project?
Key info of the deal for HC posters: Key assets include: 2.3Mtpa gold processing plant; 280 person accommodation village; and Resource inventory of 896,000oz (11.9Mt at 2.3g/t gold) Purchase price of $9.55M plus $6.45M environmental bonding liability. Potential for at least a three year ~100,000oz pa open pit operation commencing January 2010 based on known resource (no underground mining planned).
BTV Price at posting:
8.7¢ Sentiment: Buy Disclosure: Held
