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05/10/22
15:08
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Originally posted by beforethebounce:
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I was just checking out the previous announcement on 11th August, 2022 in regards to the above news & found a quote that someone had asked about a week or so ago i.e, about consolidation of the Mt Thirsty project/s: QUOTE : More generally, with the Mt Thirsty Joint Venture still considering options to simplify the ownership structure to support the next development phase of the project, including an initial public offer on the Australian Securities Exchange, it is increasingly important that we also remain focussed on building continued value within our gold portfolio.
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That was all based purely on the Cobalt asset, which has a JORC reserve and PFS @ $700m NPV. The GAL discovery has changed all that. Focus will be on a new JORC reserve and PFS if the assays come in anywhere near what we are all hoping for.