Media, page-221

Maybe because RMS played a long game , not looking at cost per Oz to buy but rather a discounted margin per oz when finally processed and they paid per oz on that basis , ie they had the accountant over view an NPV for the project before it started rather than trying to make it work after the OPEX figures proved higher than expected - (thinking of all those failed mining ventures now from Millenium to Morning star to SLRs Tuckabianna ) .

And is Penny closed off at depth ? maybe they think there is more potential and have done monte carlo simulations on that and so that added a bit of a premium compared with your standard OC pit shells constraining resource size by cut off grade ?

Personally feel the MRE is nearly baked into the shareprice of GCY now (on a market perspective , still undervalued NPV wise ) up to your 600K oz resource for NN , and the upside for the SP is as you say " a few good hits from the NN lookalikes"

I do wonder about Yalgoo to , is it possible to pick the eyes out of the best morsels down there so with confidence from some wide spaced drilling Krigg it and bring Yalgoo into the later years of any LOM plan when the cash bank is big enough to fund development of roading and mining rather than financing it .