DCF on White Dam to date - cost minus cashflow (once Cu is sold) is probably very close to 0. I reckon they could sell White Dam for $8-10m. For 15 months or something that is a very good ROI. These boys know what they are doing we just need some traction. White Dam has potential but I'd probably take $8m upfront now to get some juicy drilling going in the Drummond.
Ann: Drilling Update - Yandan Gold Project, page-24
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