RAFNot sure about Sulphur Springs but Woodlawn is almost...

RAF

Not sure about Sulphur Springs but Woodlawn is almost certainly not "YEARS" away from cashflow positivity (even assuming current zinc and copper AUD prices let alone forecast AUD price rises for both). WL will most likely be in operation within 12 months and I suspect cashflow positive soon after, possibly even by end 2024.

Why do you suspect DVP will not be able to make WL operate profitably early. Copper prices are much higher now and zinc prices slightly higher than when Heron were operating and the mine was put on care and maintenance in 2020.



And, unlike previous WL owner/management, BB is a proven underground mining manager. I agree with some comments here that there is probably some BB premium baked into DVP share prices but he does have top notch experience and also has better chances of negotiating favourable finance than most of his peers ...

I bought into ESS today as a way of boosting my DVP holding at an attractive price assuming takeover goes ahead. If current DVP/ESS offer looks like falling through there may be a higher offer for ESS from either DVP or even another suiter?