I expect this to be multiples higher in 6-12 months at max, or we fold.
Newcrest will have covered all key areas of interest via geophysics / IP data collection and will have priority targets defined shortly.
I imagine and wouldn't be surprised if they do a relatively expensive drill campaign off the back of the above, say, 10,000m. from this, if they hit something, it'll be game on either TO bid or they push the drilling and spending.
This will be realised by the end of FY. Our fate is also heavily tired, if not 100% reliant on Newcrest. Given we have no capital to work with. The other activities in shares/copper/gold / Mt morgan / Wd Dam are noise and have little to no capital value - Mr. Market agrees. Hence the need to sell down and be done with all mentioned.
Let's see interesting six months
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Ann: White Dam Gold Leaching Project - Operations Update, page-8
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