Ann: Drilling recommences at Ricciardo, page-24

Hi @speculator101
I'm back again....

I agree somewhat with your thoughts on Kirka, this could spend years bouncing around the courts.
More a longer-term concept. Leave it too long and who even knows what sort of condition their mill will be in.

SLR Deflector, I think it's a mistake to look at Deflector and Mt Monger as core Red5 assets.
The true M&A synergy lies in SLR's balance sheet.
Debt repayments and OTM hedges are crippling RED's ability to generate true cashflow.
Anyhow there's a high likelihood GMD will be the eventual owner of Koth.
RF is shy about telling us all he is looking to build a large Leonora based empire.
Deflector, Mt Monger and Sugar Zone at some stage will likely be on the chopping block.

CMM Mt Gibson have enough of their own dirt however their reserve grade is only 0.9gt.
They may be interested in picking up satellite deposits 2-3 times the grade to improve milling head grade.