I note that our gold/copper producer next door (KSN) is enjoying a run and is cashed up and looking for more to feed into their production. They're also cashflow positive and kicking goals.
To our North is LKY who seem to add an official JORC with each drill. It appears that they run a JORC scoreboard.
We don't and should we, given that we're likely to feed any find to KSN?
Everything is deep - Cobar and Mabel Creek. And likely expensive to drill.
I'd propose exchanging our interests in the Cobar to KSN in exchange for shares. We can then maintain exposure and also piggy-back on their success which will double their SP within time.
Then our Royalty can be directed at Mabel Creek and acquiring other prospective tenements. We might even consider LKY which has their Cobar Tottenham Project but also REE in the US. We know how The Don loves his REE.
Inflection point?
TLM Price at posting:
14.5¢ Sentiment: Hold Disclosure: Held
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