Hi Spec , we are singing from the same hymn book, ........ on...

Hi Spec , we are singing from the same hymn book, ........ on attributes but not on preferred path forward, I am thinking merging with GBR and own plant is best rather than tolling with WGX .
OAUs deposit garden valley is on an existing mining lease which will reduce time to get approvals, would be nice to know how enviro approvals are progressing .
Re a merger with GBR , there are synergies :
1 HR syneriges : Alex has spent the last decade in the corporate world , and as you state was a good fit for OAU as he refocused the direction ,
Andrew at GBR , is doing great work with geophysics , Alex's corporate skill set and Andrew's geophysics skill set are a good combo .- if they can get along .
2 Economy of scale synergies Combine both assets and you are likely to be over the magic 1M oz in a short time
A merged company cap of cc $70M is going to be easier to get $70M in equity for a mill ( 1 for 1 share placement ) than the current individual market caps of OAU and GBR trying to get the same level of equity .
3. Payback synergies " Put the high grade 5 gram ore from Garden valley SEZ first through your own $130M , 1 Mtpa plant (50% financed) and payback is less than a year and free carry the next 5 years of production from Mulgar Bill .
(This is still twice the grade many junior ASX companies in Africa have )
4: Taxation synergies Likely No tax to pay for the first $80K of underlying profit due to OAUs losses in the past .
Now compare that with the supposed syneriges of WGX merging with Karoora

Got go and do some welding now