Ann: Doray Signs Deal to Divest Andy Well, page-11

I hope you are overseas @plough as it is a bit early in the morning to be drinking

Yes AW was going to need $20 million spent on it to get it back into production, but if the POG takes off then good luck finding a mine with a plant ready and 500k oz of gold for $20 million.

If the POG shoot up to A$2000 then how much would it have add to DRM MC if they came out with a plan to reopen AW? $100 million, $150 million? To me the optionality of exposure to the POG taking off was worth the C&M cost of hanging onto AW. Basically this is what Galane has bought - a very cheap option to restart AW if the POG takes off for the price of the C&M.

Anyway it is all history now.