MinRes must be thinking that the more drilling Wildcat does at...

MinRes must be thinking that the more drilling Wildcat does at Tabba Tabba, the more expensive it’s going to eventually be to takeover.

I have no doubt the Wildcat Board intend to hammer the area asap with many more rigs and $80 million in the bank.

Azure has now established a starting point for valuations at the exploration level, but Pilbara Mines gives another reference on what a tier 1 mine is worth when in production.

If Wildcat could only establish a non dilutive potential pathway to production and sales,

Its probably as good a time as any for MinRes and Wildcat to sit down and explore whether there could ever be a mutually beneficial fast track joint venture development scenario.

MinRes could develop fast, can operate, knows Port Hedland and has the capital