Let me start by saying I am 1000% speculating. I think the deal...

Let me start by saying I am 1000% speculating.

I think the deal goes like this. We lock away Bullseye. We then take out Bronzewing for $50m + $70m for rehab, done completely with the Sprott debt.

Once we have locked up what we need then we can telegraph the strategy to the market.

We have 35km of drill logs not in an MRE. If grade continuity exists this could easily double or more the existing MRE. I am gonna guess and say we have 600koz there at 2g/t.

2Mtpa plant at 2g/t is basically replicating Okvau data so we add another 120kozpa production. Probably another A$140m p.a in FCF.

Bullseye already has ML approved. If we buy the plant then in terms of feasibilities a lot of hard work is done. Just need to work out a mining plan. Could be producing in 18months IMO

Then they will start cleaning up the stragglers of the region.

Watching the PA today says there is more to this than is yet apparent. Or at least that is my take away