Higginsville Resource delivers $10-$15M of cash flowCRUX Investor on Twitter May 24th 2019: Higginsville Resource delivers $10-$15M of cash flow plus Exploration and was acquired fully refurbished. In-depth Mark Selby interview here https://www.youtube.com/watch?v=6TX6dFA5vb4: Video link: https://twitter.com/CruxInvestor/status/1131935115981066241 My transcript: Matthew Gordon: How do you justify spending 50 M $ AUD on an asset like that?' What was the thinking? Mark Selby: So, for that 50 M $ AUD, we picked up more than a 1.5 M oz Resource, 400,000 oz Reserve. Just the near-term mine that's already proven out and that's part of the mine plan, that'll generate 10 M $ or 15 M $ of cash flow from us. So, you take that off the purchase price and then, you're looking at basically 35 M $-40 M $ . Matthew Gordon: Is that a net number? When you say 10 M $, 15 M $? Mark Selby: That assumes that we find no other ounces from the mines that we're looking at. Matthew Gordon: The question I was asking, that's a net amount for processing ore? Mark Selby: Yeah, just ore from the Resource that we're buying. So, in terms of benefit to Beta Hunt. We're picking up a mill for 35 M $-40 M $, that 12 years ago was built for 80 M $ and would cost you, probably 100 M $-120 M $, to replace today. So, when you get capital for cents on the dollar that helps add value long-term. Matthew Gordon: So, let's talk about the mill very quickly. Another question from subscribers and viewers is, "What condition was the mine in?' Because I think there are two reports out there. We're reading about. There's a 2018 report, which suggests that it needs a lot of work and, there's a second report which suggests that you have acquired something which has being updated. So, what is it? Mark Selby: So, we've acquired something that's been updated. They've spent during the past year; they've refurbished all the upfront crushing circuit. So that's been rehabbed. They were processing ore from the mines that they had and, one of those operations is Mount Henry and, it's very hard ore. It's also a lower recovery and so again, I think if there are people who went back in to some of the Westgold quarterly reports and see some of the costs there, and they're kind of going 'oh geez what have these guys bought?'. The very nice thing that's happening is, Mount Henry is getting turned off and, they're about to bring on a deposit called Baloo, which they acquired from S2 Resources. It's very soft. 90% plus recovery and it's only 10 km from the mill, as opposed to 85 km. So, it's a structurally much lower cost ore, that's going to be feeding in the mill, as well as ore from Beta Hunt.