what should exs do?, page-14

Greenshore, IVA have already been offered 20c by a fund for all their remaining shares. iVA knocked it back on the basis they ae committed to the SOL offer unless their is another offer for ALL the shares in EXS.Shows how stupid IVA are, but at least it is clear they won't be selling on market. I wouldn't be happy if I was an IVA shareholder, but that's another story.

Otherwise, agree entirely with points 2 and 3. Xstrata, SOL and IVA are the ones who have processing plants in the vicinity, so there is little doubt EXS are telling Xstrata the time is nigh to put Mt Colin back on the agenda. I have made my position clear on the royalty in previous posts. I am just not sure how long it takes to trigger dispute proceedings or to appoint an arbitrator, but I will be calling GL today for further clarity on this and on what other options are available.

Now that the kangaroo rat area is shaping up so nicely (as the imminent resource upgrade will no doubt prove), I am in 2 minds whether we continue to drill fiercely everywhere or whether we prioritize developing kangaroo rat as per oze's post. If we sell Mt Colin and get our royalty paid, then we are going to have bags of cash and it can all no doubt be done in tandem. Otherwise, I do like the idea of putting most of our efforts into developing kangaroo rat and getting a gold and copper resource at nearby south Wallace so that we can keep the cash cow rolling.