Catalyst are looking to build a resource base of several million ounces at grades suitable for underground mining. Vango has done very little deeper exploration and Catalyst see this as an excellent opportunity. Superior may be more interested in working together at that point or if they keep operating at a loss and run out of better options.
Try buying the Vango resources at less than $100 per ounce, not so easy - has anyone done the cost per ounce figure? Add in another 1 or 2 million ounces from exploration and go from there.
Can the high grade be treated at the Sandfire plant or will 2 or 3 million ounces be enough for their own plant.
It will be interesting to see how it plays out over the next few years.
DYOR, Not investment advice
Catalyst are looking to build a resource base of several million...
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