I guess as far as we are concerned SLR are the only realistic suitor given the strategic shareholding and people ties. Therefore we ask ourselves when might that happen. IMO not anytime soon because:
SLR digesting DRM and Egan
SLR just sold us a bunch of tenements, why do that if you're about to TKO
SLR need more milling capacity SE of Kal, BC8 will do that for them
I don't see a TKO or merger until the new plant is built by that stage BC8 should have a MC of $200-300mill, BC8 will be very keen to toll treat as discussed before, the only issue I see is every man and his dog will be wanting to toll treat low grade OZ iaround Kal n this PoG environment, so that may hold back immediate cashflow, we'll see soon enough with the feas study due next month.
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