Ann: Placement to Advance Drummond Basin Exploration, page-31

This is the scenario I think could work.

Sell half of WD subsidiary to private investors - $500k for 49%, that's five guys with dreams of gold production putting in $100k.

All incoming investors come in signing drag along provisions so if we find a buyer for 100% they must go along.

Search for a buyer.

Meanwhile...

Agitate heap leach using incoming funds, produce $1-2m

Spend cash on infill / studies to scope out cut-back to restock pad with 20-40Koz

Take out a gold loan secured against WD to fund the cut-back

Execute cut-back, bank $$$, or lose WD to the gold loan provider

Either way, WD will no longer cost GBM parent company money.

We take a swing at making something out of it, if it works out, great.

And if it's a failure, the care & maintenance is on someone else's books.

Just needs that initial clenching of the butt cheeks on private funding valuation.