SPR is too expensive for them given the relative market caps and...

SPR is too expensive for them given the relative market caps and what the key SPR shareholders would demand to give the t/o approval - it would dilute WGX shareholders too much. I think SPR will have enough ounces to run its own operations profitably at some stage, but who knows when and at what cost and futher share dilution required for this and any funds to be borrowed for mine development etc. Congrats to SPR and their shareholders on their recovery journey from the brink of disaster (after already having been in administration once).

WGX had its chance to takeover GCY/SPR but was outplayed and failed to come back with a second proposal when SL became their CEO.

WGX should focus on what it can get now with GBR being still cheap enough for a t/o at a price that reflects a lot more risk and a lot smaller and lower quality ounces compared to what SPR offers.

I hope this award does not go to WB's head and he can deliver on the mooted 300k ounces pa production within the next 2? years and at a lower AISC. If he can demonstrate progress towards this goal then the share price will be around $3.00 in the second half of 2024, and probably a fair bit higher if the gold price and goldies run hot.

The December 23 quarterly report will be out next month, and perhaps we will get some prior info about their production in early January.

loki (its a waiting game)