I think we need to stop selling/speculating NW Buldania (including myself I posted some thing's on it too)until it proves some results IMO. It isn't even part of the story yet. Think of it as an extra possibility.
The Anna peg is what I'd be focused on since they/we know it actually exists and have many holes already there to add upon.. If we're going to define anything on this drill campaign.. It will be Anna.
Even if NW Buldania is tested in this campaign as they've stated previously, id say they'd be shallow test holes like the ones west of Anna peg that brought back next to nothing. Whether this was due to depth or the direction drilled we won;t know until we get the new results.
I think a story like this is more capable of happening.
Sell KV for 550-800 million in next 9 months/offer at a minimum... If I were wanting to buy it all, I'd want it before they drilled further and offer over's/expect it on 75Mt knowing there could be plenty more to find.
A special divi or return of capital of 100-300 million to shareholder's, the rest goes on developing Buldania..
Whilst all this is happening we will be drilling Buldania + our other prospective tenements next door, getting permit's, met testing and doing all the feasibility work required for development.
JV/Offtakes will come for Buldania much faster than KV.. We will want to produce there If it fits the bill. Previous drilling indicates that it does... We will find out VERY soon how good Buldania actually is.
Good times ahead.
All IMO. DYOR.
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