Ann: Update on acquisition of Deferred Assets, page-4

This isn't bad news.
Removing the low grade, mostly inferred, unlikely to be mined Mt Mulgine lifts the average Golden Range resource grade from 1.5gt to 1.7gt, increases the percentage resource in the indicated category to above 50% and removes a potential 5-million-dollar contingent liability from our balance sheet.

Linden Gold sale to Brightstar became unconditional this week meaning we should be receiving our 1 million plus dollar per year royalty payments within 12 months.


Keith Neumeyer will be watching WA8 very closely.
With Silver taking off and First Majestic's Mint ramping up silver bullion production they will be printing money.
Big Springs deposit sits on a mining lease with a bankable 4 year mine plan with an NPV far in excess of 100 million USD at today's gold price.

I'm starting to question whether Keith might even make a play for the whole of Warriedar Resources now that we are sitting at a ludicrous 27 million EV.