I agree a JV would want a larger scaled production than the...

I agree a JV would want a larger scaled production than the 10,000ozs pa, IMO a good starting point for a JV operation would be a HL operation producing 50,000ozs pa.
A lot of junior ASX miners do JV deals for $25 million just on drilling high prospective projects, IMO asking the JV partner for an upfront payment and paying for production start up/construction costs are not out of question when you have an exceptional resource and prospect like Mulgabbie.
We will see what AP comes up with, I trust his judgment, he has held it for over 25 years and knows its value, the gold market is only going to get better, IMO should rush doing a deal only if it’s good.