westaussie,I had a look at the THX letter, Not much in it...

westaussie,

I had a look at the THX letter, Not much in it really.
Looking at the cross-section provided, it looks like Copernicus North would not be economic at those grades. And it is does not appear drilled enough to be indicated resources for an u/g deposit which are required at minimum for a feasibility. This to me implies only the Copernicus deposit would have been the subject of the feasibility.

I am only hypothesizing.

Again it comes down to what is in the orginal agreement.

I cant imagine SMY walking away with zilch which is what THX are proposing.....?

My money still on SMY.

acturtle