If your going to list a whole heap of scenarios, why not include that they get a T/O before stage 1.
With all the drilling and resource and reserve updates to come we will be looking pretty attractive to mid tiers chasing resource and reserves.
There is going to be a heap of M&A action In Australian Goldie's in the next 12 months in mho.
If this scenario plays out, then no chance of getting in as re rate will be based on an offer. Just throwing another plausible option in the mix.
Ann: Sulphide Development Update - Amended, page-6
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