The Terra Firma proposal in in relation to the plant though isn't it?
From the last quarterly: https://www.asx.com.au/asxpdf/20190731/pdf/4472b6gvn6qsyb.pdf
"During the quarter discussions advanced on a commercial proposal to treat Talisman ore. A formal term sheet has now been received by Terra Firma Limited and is currently under review by the board. An update will be provided to shareholders in due course."
Thus my view is that the proposal to operate the mine from a mining group is a different matter all together.
Remember NTL was sending ore to an "Major New Zealand based concentrate end user" https://www.asx.com.au/asxpdf/20190920/pdf/448ph1pf0k83hn.pdf
Makes you wonder doesn't it - has OGC finally given in and figured out that NTL isn't going to die; it wants NTL's ore; and it will have to furnish the pockets of NTL shareholders for the pleasure?
Add to My Watchlist
What is My Watchlist?