So while I could ponder all things T/O.... in regards to the...

So while I could ponder all things T/O.... in regards to the speculation around Tembo and $1 (for better or worse, a blocking stake of 15% is now available for $1.00... so this could prove a target to the upside, but also.. a cap perhaps?), but... I would rather ponder Golden Wings...

It feels like only yesterday that SPR (GCY) acquired Dalgaranga (ok... it was back in 2012) for a princely sum of approx $2.2m.


As a GCY holder, I was excited, for a pittance, GCY had acquired a project that had a mining lease, had already produced 200k+ ounces and had ready targets for drilling (though to be clear, I still preferred Glenburgh! ha).

Dalgaranga was lightly drilled and arguably, still is, and yes.... Gilbey's North sticks out like a sore thumb.



Without a doubt, I can understand why they went after Golden Wings first.... but yes, hindsight is wonderful.
There were lots of other targets too. Plus for interests sake, I have shown where the old plant was located.


This was how they understood golden wings.... though interestingly, it underperformed badly when they finally mined it... and up until it was mined, the grades kept getting lowered.... perhaps a misunderstanding of the mineralization?





Cheers for the SAM survey @Joelstar - so interesting when compared to what GCY worked off right until the end (the black circled areas were the main drill targets back in 2014-2018), but before SL took the reigns (they tried for Tanguery etc). Crazy that Never Never sort of shows up in yellow+orange.



I just wonder... is there something underneath golden wings, like Gilbey's North? Not that they have mentioned drilling under Golden Wings, but I believe the drilling is limited to a bit over 100m.



Anyway, just keeps me wondering what else is within the mining lease, let alone within the entire belt...