OMG what a coup for WGX .... they get to use all the infrastructure established a profit for them by them, and they get a desperately needed high grade ore for their mill and they get most of the profits and all the potential of Cannon UG. With AISC likely to be well under A$1200, it means a net profit of $350/oz +for WGX ... that's how Cooky crumbles ..... and after all the juice has been sucked from the lemon, SAU is left with the cleanup bill .... why would WGX acquire SAU when they can asset strip it with such 'agreements'?
Well, at least the crumbs from Cannon will keep all executives and staff of SAU employed for another year or 2 ..... perhaps SAU should buy lotto tickets each week as that strategy seems to be just as likely of success as the current one.
OMG what a coup for WGX .... they get to use all the...
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