Yep those are my thoughts too, well put.
Nothing in the schedule for Crusader-Templar after the MRE either.
Even if 4.1 & Branches strike good grades, all the talk about the 'gold camp' kind goes out the window too without Cru-Lar at the heart of it.
Best case is a free-carry to thoroughly drill Bethanga/new tenements.
The whole situation continues to make little sense.
1) If you're NST, why would you wait for the MRE to drop? The price can only go up.
You'd make an offer subject to DD (or take an option), sign a CA/NDA, then decide based on the draft MRE.
2) Based on NXMs recent commentary and market announcements, retaining the project and having a tolling agreement at CD seems very unlikely.
3) Standalone mill option went out the window when DDH4 dropped.
So how on earth would they "monetise" the asset?
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