RE: 'BHP buys Solgold stake...5 Sep 2018 16:34
So is Mather excited to earn a new round of endorsement from BHP or is he more worried that this intervention might see control of Cascabel once again become a live issue?
"They [BHP and Guyana] didn't tell us they were going to do this," Mather told The Australian Financial Review on Wednesday. "Blind Freddie can see that unless they have decided to go with a minority interest, which is not really in their DNA ... You can only speculate as to what they might do from here.
"It is not my job to speculate about what BHP might want to do. But it is a great asset and it is dangerously undervalued based on Apalapa [the most advanced of the Cascabel deposits] alone and it is only one of 11 different projects that SolGold has.
"We are less inclined now than we were back in 2016. The project has come so far. We were not interested at all in the beginning [in a farm-out] and we are now less interested, if that could be possible. They know we are not going to farm it out and they have started by buying 6 per cent."
So, what happens now?
"Well, everybody's perception on what might happen will be different, obviously," Mather said. "What you can say is that they [BHP] think the project is great, the country is great and we are running it well.