Recent Gold M&A in Australia - Big Premiums on Acquisitions, page-50

I grabbed a decent chunk at 2.9 cents. Got lucky because they didn't sit there long. Also bought at 3.1 cents. Existing shareholders seeing value may have been buying at these levels. If NCM or IGO were buying they would have been required to update their substantial shareholders notice.

I don't want to pre-empt the result of the scoping study but I fancy it will be positive IMHO. The first year will require some pre-stripping but after that access to a deposit of good geometry (wide) and grade should lead to reasonable economics. What is not clear is whether there is any financial benefit in a stand alone plant given the proximity of the Telfer mill which can easily treat the Minyari ore from a capacity and metallurgy point of view.

Not investment advice, DYOR.