explorer to producer - ideal scenario., page-35

There is certainly some possibilities to be read into that ERM release, thanks for that verytricky.

Also this statement later in that article: Bills said early stage drilling had produced strong results “suggestive ... of some pretty decent
openpittable resources” and it “would actually not be a big jump for us to move into
production”.

Sounds like they are wanting to move through to production stage as soon as they define a decent resource that is open-pittable. How much closer are we then?

If ERM's money is good for at most another year after this major drilling campaign, they may well need the extra money that an operational Warrego mill could supply to get them through to early production by earliest two years away. As you said bitzer, it would be very prudent for them to consider this now, and a great synergy could be worked between the two companies to help both of us through to early production.