GDO gold one international limited

ventersburg

  1. 460 Posts.
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    Did some digging. What do you guys make of this?

    "Agreement with GFI - GDO originally acquired the mineral rights in respect of the Ventersburg 1 prospecting area (the project comprises four separate prospecting rights) from a subsidiary of Gold Fields (GFI SJ; Outperform; TP: R132). In terms of the agreement, GDO will be solely responsible for the exploration programme, and associated costs, at Ventersburg 1, the execution and costs of a feasibility study, and the decision whether or not to construct a mine. In the event that the GDO board decides to construct a mine, GFI will have an option to acquire up to a 51% beneficial interest in Ventersburg 1."

    I also believe GDO completely own the rights to Ventersburg 2, 3 & 4.

    Not sure of the potential impact.
 
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Currently unlisted public company.

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