I think you need to temper your expectations on what BS will ultimately sell for.
I suggest trying to look at the value proposition using a slightly different lens.
If we ship off our BS asset to a new hungry team dedicated to the discovery of gold and antimony at Big Springs, and we retain a significant equity position in this said entity, we will likely participate in any upside enjoyed by the massive increase in news flow.
I would expect some kind of an upfront cash payment however I do not believe this will be an excessively large sum of money.
All just my opinion.
I do believe Amanda gave us more than enough clues to indicate her Big Springs intentions towards the end of the Q&A presentation.
Quote: "Our plan to divest Big Springs is a good plan, I believe someone will drill for gold and potentially antimony at Big Springs". "We need to focus on WA where we are having great success". "We will find the right group to take that asset on, someone hungry for success, a team that is terribly hungry for success and incentivised/driven". "It's likely we will retain some equity so we will have a team that we can align with".
WA8 Price at posting:
10.5¢ Sentiment: Buy Disclosure: Held
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