I hold both. ENR have a number of other targets and are involved with some big players in said tenements. So it hasn’t always been about the West Arunta.
Have they had some good hits. Yes. Are they as advanced as WA1. No.
Both companies have a stack of ground to get over. ENR have a lot further to go to firm up anything like Luni. It’s. Big IF. But IF ENR have a mineable resource…
…Given the remoteness and the infrastructure needed I think it makes sense that the companies work together to bring that online. There is plenty of ramping on ENR ATM and it’s up to the company to find the goods should they exist. But if it’s there I could see a future where ENR could even split their West Arunta assets longer term.
I hope that they fast track drilling, so that should WA1 approach for shared infrastructure they can see the ROI in participating in such an exercise. Lowering the costs for WA1 and risks to WA1 holders.
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