Time will tell, not much point in having a plant when you have got nothing decent to stick in the crusher.
As we all know, there are some major GCY shareholders who were pretty keen on the merger with WGX.
WGX are ramping up exploration on their own ground, recon if the expanded exploration spend is successful they wont be back. However, if GCY is on its knees in 12 months from now they may well be back. If this is the case you would have to expect the offer would be reduced.
When you are paying your mining contactor with stock, that is banana republic stuff and we all know they were keen for the merger. It would be win/win a merger, the only road block is how much of the merged entity CGY shareholders would own.
Does anyone know what Firefly's resource is? Is it inferred, indicated ect?
Ann: Withdrawal of Gascoyne Takeover Offer, page-8
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