Friday, December 12, 2008

Bass Metals gets a bargain

Deeplode mentioned Bass Metals (ASX:BSM) a day or two ago and quoted Barry Fitzgerald saying in the Melbourne Age that the Hellyer Mill was a perfect fit for Bass.
Hellyer's replacement value was estimated to be upwards of $100 million but in this market a bargain could be had!
"Should Bass secure the Hellyer mill, it becomes a more interesting base metals play all round." he writes.
Well they have bought it this week ...for $4million plus all the tailings etc for an additional capped royalty.
A bargain indeed..........Patience will be rewarded.

No comments: