Ann: GML: Target's Statement , page-6

I think CTO and GML could make a nice fit.
But CTO has a price in mind and won't want to overpay.

GML -
- has good geologists that CTO sees as an asset.
- is self funding.
- has some highly prospective greenfield opportunities.

If CTO succeeds -
CTO would concentrate on gold production and would offer GML a chance to explore its gold tenements around Charters Towers and to share in the discovery of more gold - and to thus further expand its gold resource at virtually no cost to CTO.

So a brownfield opportunity for GML - GML moves away from being a pure explorer to one with a good chance of finding a gold resource in a proven gold field and thus secure a future for itself.