This is why I would say NO
If China paid USD$2.1B for 15% of 450mt @ 2.5% = 67mt.
Luni high grade could end up 67mt and if it was valued the same as 12 years ago, Luni would be worth over $50.
It's safe to say that prices would have gone up.
Sorry Wurlitch, I disagree with you. The very fact that world production is controlled by one player and China have their hands all over it, is a big reason why WA1 will be in the spot light and in high demand. The West don't want to rely on China.
I mentioned earlier, if we don't go to production, I cannot see us having more than 65-70m SOI.
We don't need another $100-$150m to just drill and do metalurgy. I can't see us doing a feasability study. I think that will be left to new owners.
Ann: West Arunta Project - Luni Assay Results, page-161
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