RE: Western Australia heat8 Mar 2020 23:04
Rolyclan
Regarding my comment about MRE in June, 3 points...
1) GH stated in the January interview that he expected MRE to be completed in 6-9 months, yes?
2) So far Newcrest have not just been early on the other milestones, they have utterly destroyed them, I would expect them to do the same with the 20-30,000m of drilling to get us to MRE
3) The other thing I have foreseen is that it is likely that NC will do the absolute minimum they need to to produce an MRE, and for good reason, if for instance they initially announce just 5-8m oz, they could then put a lowball offer in for the other 30%, knowing that there is more likely to be 10-15m oz down there.
Its games, but it makes sense, hence my thinking on June, by year end that MRE will likely have been upgraded 2-3x.
I just hope shareholders are wise enough to vote “no” on the initial sh**ty bid of 8-12p we will no doubt get in the summer.