Spec do you see CMM as an outside player to look at SPR? I know CMM is based around that high tonne low cost open pit style but SPR and never never having the potential for great margins in short - medium term suggests CMM could incorporate that style of high grade high margin into their current business.
10 years at karlawinda (Operating), develop underground and pit cutback for 10 years at Dalgaranga (Start up Mill), build a big mill at MGGP in that time of cash cow (Development project).
Only question is not huge cash reserves for CMM, but a 1.7 billion MC doesn't dilute much if taking out a $450-500mil junior with script.
IMO I think CMM and WGX will be fighting for SPR if it happens.
Ann: Mt Gibson Gold Resource Increases to 3.24 Million Ounces, page-4
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