1. US$100/oz bid for the ore, even with the high cover ratio, is...

1. US$100/oz bid for the ore, even with the high cover ratio, is never going to cut it at A$3000/oz PoG for the grades already discovered.
2. Gotta love the WA gold industry, the punters get a chance to get a bet on too, not just the "shiny bum" suited fund managers in the Eastern States.
3. WGX are the "junk yard dogs" of the processing scene over here, ullage in all of WGX's mills with very high ASIC/oz, so lower this cost is the obvious synergy. The defunct Tuka's 1.4 mtpa CIL (with some refurbishmemnt CAPEX) is only 40km away is the obvious processing solution, although the old Bluebird could benefit as well.
4. GCY with their 2 mtpa red dust covered "white elephant" will appear at this process soon, is my expectation.