Ann: Gascoyne Achieves FY2022 Production Guidance, page-12

Agree that there will be cheap mills going for sale, but I think resources will stay at elevated prices. Reason being it costs very little to hold a resource indefinitely, just the annual tenement fees so it makes sense to just hold until the right deal comes along as I am sure economic resources probably beat inflation, like a land bank for property.

But lots of wheeling and dealing to come for mills, see DCN recently for another scalp. Just makes me wonder why WGX aren't making a play at GCY's mill in this environment when WGX are seriously cashed up and GCY are very very cheap with $30m cash, LOTS of tax credits left and now some near mill resource that could be added in once the WGX feed from its own mines throttles down. A 30c per share offer is a whopping 50% premium to today's pricing but still dirt cheap for WGX in the grand scheme..