RE:Gold Fields Selling Assets….Damang Mine next ?great idea nozz..... GF could leave the drilling costs to GAU and share in any upside with their 20% ownnership. GF wouldnt need to incur any further costs.
The purchase price could be a Net Smelter Royalty % agreement to GF, so no upfront cash cost to GAU as long as they spend x amount on exploration.
nozzpack wrote: Recently, GF also sold their interests in Rusoro.
Now that GF 45% interest in Asante has closed, one wonders why they would not sell to GAU the Damang mine which has just finished mining , with the final two years just mining the stockpiles
There are however signifucant exploration opportunities for the Damang mine , as indeed there almost always are for this large concession in Ghana .
So, why would Asante hang around in Ghana until 2025 when they have their 20% puppy ..GAU..eager to take the Damang rump and explore its new deposit opps..