they don't own the tenements/project in West Arunta yet, so can't compare with WA1 or others in the area.
there are other players in the West Arunta area that are much cheaper than current BMG's M/C and at more advanced stage
for example, RCR, will commence drilling in 1-2 weeks time, and its M/C is lower than BMG.
MTM, although it has higher M/C but they have/will own the tenements in West Arunta.
MTM & CGR has M/C ~$20m, and RCR & LYN has ~$8m
from my understanding only RCR is about to drill in the West Arunta
CGR will drill in Q2 (according to 2024 exploration plan)
MTM 6-9 months?
LYN still waiting for heritage surveys to be completed
BMG exercise the option -> wait for tenement to be granted .....
