Some questions to be raised before getting too excited over this...

Some questions to be raised before getting too excited over this announcement:

1. What is the likelihood that Goldvalley will be satisfied with the DD given Classic's history and all the key players in the history still being involved?
2. Where is the toll treating going to be done?
3. If the toll treatment is Marvel Loch, that's circa 150-170km from Kat Gap. What's the cost of trucking the ore there?
4. Is the Goldvalley funding to be repaid in addition to their 30% profit share after costs?
5. CLZ are 'managing the contractors' - which companies associated with the Doutches are going to be the 'contractors' for the mining & haulage and how much will they gauge?
6. Will CLZ issue a call for tenders for the contracting work and disclose the terms of the contracting agreements to the market?
7. Why is the Gekko not being used to process the ore given that was CLZ's 'plan'?
8. What's going to be done with the Gekko now?
9. Why did CLZ waste 2.5 years and over $6m of shareholder funds pursuing the Gekko option when they are going to toll treat anyway?

If I was Goldvalley, I'd not be very comfortable with Classic managing the contractors as that's where the profit is going to disappear to and their 30% profit share will look pretty skinny pretty quickly.

IMO