The top 20 has significantly tightened in the last 18 months since you where there. I know you are not comfortable with so much control, but he is preparing for a few CR's which will result in dilution. But it won't be done at current levels. The top 20 is effectively friends and family not disimilar to early NST and GGM.
I spoke to him recently before his issue with EGS, he was set to refocus on HOR.
His is excitement is based on the back of the rising copper price.. the economics of SMART where based on the copper price @ I think from memory 2.20 per pound. Over a billion dollars of copper in-situ.
He is actively searching for some copper processing expertise (since the passing of Brian Rear).
His interest in AUR, apart from the VMS potential is the oxide deposits that will supplement the oxide resource at Horseshoe Lights.
Cheers
Ann: Highly Anticipated Follow-up Wodger Drilling Set to Commence, page-26
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