Ann: Quarterly Activities & Cashflow Report, page-13

i think GF taking out Gruyere is inevitable.
GOR enjoy that income stream to finance their significant exploration spend
you make an interesting point on the NSR - that could be the catalyst with GOR selling and retaining cashflow..
but what happens with DEG is also at play here.

circling back around to AAR - building more higher grade satellite deposits makes the project more compelling.
it could be it draws the interest of WGX post merger down the track (but I dont think GF)
of course, I could be wrong mate - happy hunting!