Honestly not sure, but news releases have indicated that the rig doing the drilling would move straight to completion in the event of a commercial find. By using the SM73 platform I imagine it would be a matter of 1-2 weeks, with cashflow on about a 1 month lag, given how SM71 cashflow is currently occurring. Going by the last few releases it sounds like there is a bit of interest in the Copper farm-out process too. No idea how they are planning on structuring that; but would be interesting to see if there has been any thought given to a 'cash up front' option along the lines of the Strike/Orica deal in 2013.
MEL Price at posting:
5.6¢ Sentiment: Buy Disclosure: Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)