Ann: IPO Prospectus for Western Gold Resources Lodged, page-15

if GWR does get a takeover, its value retained for holders, not just given away in the takeover, as there wont be any value attributed to it.

I/o prices have softened from the peaks, but only back to where we were a month ago.
$187 = $A 242

At our costs near the lower end of 120-170/t say $A130, is plenty of cream in the coffee, as we move to paying off the capex, and getting cash flows split to us.

Anywhere you are making a cash war chest, is good business.

I'm buying more at 25.5 today. Ex date for inspecie distribution is 6 July, so accumulation to then comes with more allocation into the Western Gold. Thats just a bonus.

I'm here for the iron ore. We have a major resource, and in production.