Ann: Westgold and Karora Complete Merger, page-8

Just a little more to add, Karora explains that Mt Henry is the next logical source of feed for their Higginsville plant, except, they are going to drive the ore past the front gate of the Norseman plant.... Even more compelling, is PNR have open pit potential at Norseman, that are much closer to Higgensville (perhaps 35km closer). Then you have... the simplistic logic of the Higgenville plant having 1.6mtpa... and potentially, no need to upgrade the Norseman plant, just truck extra U/G (if they can indeed fill the Norse plant to the brim) 60km north to Higginsville. On paper, there would be clear synergies.





Or upgrade the Norseman plant and just mine a lot more ore across all the assets. Processing capacity could reach 4.3mtpa (assuming Norse gets upgraded to 1.5mpta).

As for SPR, I really am not discounting RMS having a full tilt. They only get one shot at this, and from memory, MZ has never... been beaten in an acquisition. As personally, I don't want a cash offer, I want script, lots of it, to have dividends for me kids in the decades ahead.

WGX 3.0 looks like it will have a market cap around $2.5billion, perhaps $180m in cash, depends on how good a quarter the Karora assets had, though we still won't know for a while.