The tell will be what happens with the gold at Mt Ida. They are fully permitted and should have recently finished grade control drilling at the Sister Sam/Baldock 086 lode starter pit.
Obviously for shareholders the move should be to get that 90,000 oz (at 9 g/t!) out of the ground and toll treated ASAP. At current gold prices that could help pay for a lot of rigs spinning at yinnie.
Generating cash and avoiding future dilution may not help CE/Gina's plans though.
It will be interesting to see what happens.
With Idemitsu still holding 11% and Waratah holding 10% there is more to this than just CE/Gina vs retail.
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