What about this.There has been a consolidation of resource and...

What about this.

There has been a consolidation of resource and mill ownership in the Eastern Goldfields - such that the mills no longer process third party ore. The exception is Golden Mile Milling Pty Ltd, the Lakewood Mill.

I think the mill is owned by a group of private investors who formed Golden Mile Milling and purchased the mothballed plant in 2014 (from Silver Lake for $5.5m). It was refurbished/restarted in 2015 - specifically to treat 3rd party ore. That is its business model.

Lakewood is the closest mill to most of our tenements (we nearly surround it), and is close to Boorara in particular. I haven't heard any talk of this, but why not a joint venture or even an equity swap with the mill. The two assets are physically close and I think we are the largest of the local independent players. There may be a reason for it, but this seems to be an option that the market doesn't currently perceive.