Sandstone consolidation: PTN has a stake in both Brightstar and...

Sandstone consolidation: PTN has a stake in both Brightstar and Aurumin. The JV will have gold rights to the Montague Project and the tenements labelled Alto and Aurumin below. Possibly this is where PTN will use its cash, and potentially sale of Mertondale ore, to buy into.

My assumption is Leonora consolidation will centre on existing plants at Gwalia, King of the Hills, and Mt. Morgans. Brightstar (Laverton and menzies) and PTN (Leonora) ore will end up in those mills with neither company trying to set up their own processing facility.

Meanwhile Brightstar and and PTN will restart mining at Sandstone using the Aurumin plant.

Presumably higher gold price, mining costs coming down due to demand from nickel miners collapsing, and consolidation of tenements shown in the map makes the project potentially viable.