Depends on what they are going to do with Sunday Creek. Until that recent 1.5 hr youtube investment presentation I was convinced that they were drilling this out to sell to Newmont. Why are they in such a hurry with 6-10 rigs?
If MH is true to his word then they are planning on developing this into a mine themselves. Looks like they would still sell Redcastle off to Mandalay if they find anything worthwhile. MH did hint at the possibility of developing the mine while still in the exploration phase so I guess they would need a JV partner or a massive capital raising to do that. He seemed to be pushing for early approvals and undertaking engineering already so maybe that's their plan. But who knows really, I guess everyone has a price and it looks like Canada again will end up with this project one way or the other. Still wouldn't surprise me if it becomes a SXG/Newmont JV.
Not going to guess a price but if they hit high grades 1 km under Apollo Deep we won't be seeing $2 again.
Those waiting for a JORC are missing the boat.
Media presentation, page-90
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