I think they missed a trick there too, the processing facility is much more valuable with the exploration potential (and vice versa). Think mgmt had a different view to those in charge at the moment. I would not be in the slightest surprised if IGO buy this, their key targets in the Ni space (such as PAN, MCR, LEG) have run away from them and Nova doesn’t have long left to run. They certainly have the balance sheet. SFR obvious other contender and $30m drop in the ocean for both.
Ann: Paterson Exploration Project - IGO JV Update, page-4
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