Ann: 2023 Diggers and Dealers Presentation, page-20

Call it what you like.
9 months ago if they had made a bid at say 25c it would have cost $220m if successful.
How much more to start mining and then truck the ore to a mill or restart existing mothballed mill.
To me that is a delusional idea When

1/ Great Fingal will only need to produce 45koz at $2600 to pay for all development to go cashflow positive in a max of 2yrs and then produce that 45koz every year for another 7yrs at least.Drilling will change that.

That is an all up investment of $117m by my calcs if no early return from remnant ore.

I know where I would much prefer $220m plus plus to go.oops that leaves $100m plus to upgrade Tuka to 2mt or more subject to that drilling.
300koz plus production cashing in every year thereafter expansion or no.

2/If you want to get enamoured with a resource look at Red5 with 3 MTRS at 2999.3 g/ton at their Darlot mine that is producing and their Koth pit.
Just saying it's mills doing 5.5 Mt and now making steady cash.14yr mine life.They quote an honest $12 a ton milling cost.No GCY asterisk and exclusions.
Its market cap is only 3 times GCY and all production and mill startup costs are already expensed.

What would a smart investor prefer to own or would you do if WGX management aye, buy an expensive project or just mine owned ore,portal already in place and make real money upfront for a lower upfront cost.

DYOR+DYODD GCY went from something of value to nothing of value for WGX when it stopped being a producer with a year's marginal ore and operating mill and then nothing to something of a resource - no longer of any interest to WGX as it's got plenty of untouched resource to play with,perfectly describes GCY's situation.
To think otherwise is to be delusional or as you said rather rudely back to you I'm calling Bullshit.