I paid a visit to the plant at My Bundy about a month before the current drill program commenced and I can confidently say that it was not preserved at all by the previous owners and is in absolutely no state to be restarted as visible corrosion is extensive.
I also don't believe that was ever the play as they have been adamant for some time that they were going to increase the JORC to extend the LOM which would justify a greenfields development.
I believe and I am only speculating here, that near term production via toll treatment at Coolgardie was a way to generate free cash flow to finance the Mt Bundy plant and minimise dilution via equity raising or excessive debt levels.
Ann: Toll Treatment Update, page-18
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