What I found interesting about the webinar is the multiple times...

What I found interesting about the webinar is the multiple times Chris referenced their new ground they just pegged and how similar it is to Bauloora. If they can pull out another tenement which is in close proximity and is similar geology to their current one then they have alot more bargaining power down the track. If Newmont wanted to JV on Bauloora and as things progress it turns out to be what they believe it can be and then there is Bauloora2.0 nearby then in my view a takeover would be the logical situation from Newmonts perspective.

Currently 53mil SOI (83mil diluted which no doubt would be applicable by the time it came through) it wouldnt be absurd to say their portion of Bauloora to be $20-$30m in the future and if they have Bauloora2.0 100% theirs that it would be valued at $50m so up around the dollar mark this is all assuming the Bauloora turns out to be the district scale project they believe it to be and there is alot of water to go under the bridge but at $9mil mcap there is some serious potential. This isnt an overnight scenario Chris was very clear with how much work needs to go into it but risk vs reward looks good