over and out !, page-10

Thinking the same re: major holder has lot to lose...especially when so close...but then again are we.

Murchison had some warning signs for me as target opex costs very high which leaves little margin for error.

I understand why they tried Murchison first as had existing infrastructure could reuse but still required $14.6m in capex which is pretty hefty for a high risk proposition re: high opex costs based a lot on fact have so so grades working with and high $A labour costs.

Administrators being appointed hardly helps negotiating anything from a position of strength. Watching.