Even more tasty than that is the fact a merger between the two entities will result in an entity having 2.5-3m MRE(by mid next year) with a MC currently in the area of only 85m making it a very attractive takeover prospect for the big players already in the region with nearby processing plants in place which will drastically reduce cap-ex requirements.....this story is coming together nicely!
PS The entire Gum Creek/Gidgee region is shaping up as a major gold system with the potential to be in the 5-10m oz size over time given the large number of brownfield and greenfield targets still to be drilled out. Not too mention base metal prospectively as well. As we know PL has expectations of GML being in the same class as KoTH(5M oz) and Gum Creek right next door now appears to be equally prospective.
GML Price at posting:
3.1¢ Sentiment: Buy Disclosure: Held
