Ann: New Glencoe MRE expands Fountain Head Development, page-2

I've not been watching PNX for a while, but am wondering what are peoples opinions about the Glencoe acquisition and the justification for it? I'm not complaining about the price of $1.875M for the acquisition, and obviously there is some exploration upside to Glencoe that will be drilled, but does this really move the dial on the existing Fountain Head deposit which is also on a granted mining lease and seems to have more tonnes at better grades than Glencoe. Obviously only 3km from Fountain Head is good and it gets them another few years of gold production but is the idea to dewater and mine Fountain Head first, then mine Glencoe for a few years and then use the void from Fountain Head and maybe Glencoe to store tailings from future base metal operations at Hayes Creek/Mt Bonnie? Looks like they have landed on Fountain Head as the geographic location for the CIL gold plant, but if Hayes Creek/Mt Bonnie gets a base metal sulphide plant then that looks like a fir distance to pipe tailings from Hayes Creek/Mt Bonnie to the tailings pit storage facility at Fountain Head?

I see that Glencoe is all inferred due to a lack of density data, some coarse gold reported but the announcement looks like a lot of it was lifted directly from the H&S Consultants resource estimation which is fair enough, they are reputable consultants for this kind of work.