Ann: Sale of Old Highway Gold Project, page-7

Exiting DeGrussa remnant assets is a good move. This will speed the shift to nil net debt, both through principal repayment and interest savings.

That also brings forward the question, What will BH do next?

Existing operations are generating good cash. The narrative will abruptly flip to criticising SFR for a 'lazy' balance sheet.

The drilling program at both Matsa and Motheo can't be accelerated by much - drill, review, adjust plan takes time.

M&A is tough, with all the big miners clutching wads of cash and ready to pounce on any Cu asset that makes sense.

Perhaps he will relaunch the earlier plan to build a CuZn concentrator at sorely-underused Magdalena.

I cannot see him content with steady state and (sorry, kingkwce) paying dividends.

Ash