Comparison, page-24

One man's trash is another man's treasure - rather apt. AMI's deal is seen by their board as adding shareholder value and with less than half of resource base and mine life. If that's seen as good value then Hillgrove was a rare huge nugget find to a lonesome prospector. Mid point valuation would certainly be a good starting point.

Getting the low hanging fruit and onselling plant once set up for $100mill is in the short term compelling for shareholder value and would be a nice little windfall in a maiden dividend form. However, the cash generation from producing at an annual rate of 50koz would leave enough fat for developing other areas for the next cash generator. I believe that's called organic growth(??) and that growth allows sustainable SP growth in a longer timeframe. (A while back NMT sold down interests in lithium for what some at the time thought was too cheap - perfect timing as lithium prices dropped substantially since - NMT using proceeds for other developments and paid a divvy).

Having said that, I'd be tickled pink with a 10c divvy - knowing that Thalanga itself will increase cash generation going forward (especially at current commodity prices) and provide cash for future endeavours and possibly more divvies.