Probably most of us would all like them to monetise the asset...

Probably most of us would all like them to monetise the asset in the quickest way possible but maybe the scoping study was simply not good enough to go cap in hand to raise finance.

They don’t appear to be hot shot miners. Roger has twice bigged up a couple of prospects in Minyari North and GEO-01, but the drilling campaigns have not really delivered. He has done it again with this Parklands prospect but that could easily amount to nothing.

However it may be that the stars will align for us with all the changes coming up at Telfer. It seems that the plant comes with very high fixed costs and with their orebody seemingly diminishing you would think that any prospective purchaser will be extremely keen to sign up an extra few million tonnes of ore to process each year and bring the operating cost per tonne down for everybody.

So maybe if Azy get an updated study out later this year to reflect the additional ozs and a higher PoG it might put us in a good position with whoever emerges as the new owner of Telfer. Let’s hope it is someone with deep pockets and that our lot can lose that starry eyed optimism – they can leave that to us.