Surrounded. The 2nd biggest gold company in the world pushing money into WAU’s neighbourhood
ASX:WAU
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11 min
Three months ago, the world's second largest gold company sidled up directly next to our $32M capped Investment WA Gold (ASX: WAU). The $63BN gold monster Franco Nevada delivered a $220M financing deal (via equity and royalties on production) to WAU’s neighbour - the now $2BN capped Minerals 260. (source) It looked to us like this deal gave Minerals 260 full license to spend hard on exploration in the region. Three weeks ago, Minerals 260 made its first move - paying $7M for exploration ground in the region. (source) That deal left our Investment WAU as the only company with 100% owned ground