Operating 2 mills is actually lower risk. The fact they are near...

Operating 2 mills is actually lower risk. The fact they are near each other provides synergies...
The feed to the mills can be more easily optimised. Once Nullagine is operating it derisks any hiccups at WGP.
Also the SP is trading at a perpetual discount because it is a one mine company... that should disappear.
Secondly, perhaps there are other stranded high grade deposits closer to Nullagine and a repetition of the WGP hub and spoke? Also the Felix prospect would be better suited to process at Nullagine (if it turns out to be a successful exploration).
The main condition for CAI is if they can demonstrate predictable ounces. If they hit the 90,000 oz which they are forecasting the hedge and debt ceases to be a concern.