RE:RE:Party is Over
They haven't found the edges of R600W, nor determined whether it connects to R0 or R780E.
There's the new find 500m north. Lots of time and $ for drilling, going into hopefully a better U market as demand picks up.
I get that they want to remain employed and busy, and expanding the proven/probable resource is as good a use of their skills and time as any. This is a better scenario than DML, as it isn't a surrender of control of PLS. The party may indeed be just warming up!
I do hope they've learned a lesson from the DML/FCU OS story, and won't suddenly increase their own remuneration once the deal closes. CGN won't want to see a big increase in admin costs anymore than we (retail long FCU) shareholders do.
Not selling. GLTAL