Leopard Resources paid ~$500k (scrip) for the project back in...

Leopard Resources paid ~$500k (scrip) for the project back in 2012, did some drilling, then put it on the shelf, gathering dust. The operating Darlot gold mine, nearby, was purchased for $18.5m.

You'd have to assume that the value lies somewhere in between there. People have speculated on the value, which is all we can do. Noone knows, except to say that the geologist Andrew Paterson has been trying to wrest this back from Leopard for a good long while. Would have to assume that there is some value there.

I'm not happy for the coy to be spending money on lawyers, but obviously they have considered whether it is worth it or not. Agree about the awarding of costs being bad. But it's in the hands of the coy to decide whether to pursue it. I'm hoping that they have a chance of retaining it and adding some cash to the bank balance.