Hi Prime1
"In both cases, the lease was transferred for peanuts. African Eagle sold to SYR in 2011 for $1.5m (which, in hindsight, does not look like the greatest business decision in history)."
Wow that is the understatement of the year !!! 2011 was when graphite prices were peaking big time & everybody was chasing graphite specy's see below:
+ the report we have been referring to here had specifically mentioned that it was a graphite play rather than Uranium & they sold it for 'peanuts' as you say - mind blowing !!
uranium at balama, page-13
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