wingellina, page-11

Quite clear to me what's happening here

20% of Wingellina paid for by Jinchuan in MLX scrip

If MLX were building a warchest for their share of the Wingellina development costs, they would have sold that 20% for cash

MLX freeing up scrip as part consideration for a full tilt at WGR? That's my hunch

MLX up to $104m cash now

Buy the remaining 77.5% of WGR through a combined cash/scrip deal, say the 176m Jinchuan shares in MLX plus $50m cash

Then use the remaining $50m cash plus cash from sale of IGO shares to develop Rover

Then use the licence to print money at Rover to fund Wingellina

Simple really

Cheers