Murchison and ODY......Looking aheadThere is currently a unincorporated Joint Venture between ODY and MMY which allows the businesses to share their resources and collaborate to achieve a mutual goal in the pursuit of delineating and monetizing the in situ gold reasources of Tuckanara and Stakewell Tenements .
At some point, the probability is high in my opinion that the JV will have defined a gold resource with a PEA that meets acceptable economic returns.
Then what ?
It is worth remembering that ODY is a funded subsidiary of the Apollo Group of Australia.
OG is a merchant Bank which has funded resource projects all over the world.
Its not improbable that this may be helpful in any move by MMY to acquire another standalone producing gold asset.