To put things into perspective, before they announced...

To put things into perspective, before they announced acquisition of CCU, BOK had gained funding from Trailstone to mine Mt Boppy's. (Around $6 mill if I remember correctly)

Unfortunately results weren't that great - but IMO the Gold deal should have allowed them to mine for 6 months first to iron out any teething problems.

At that time, when POG was around 1050/1100 and at the bottom of its bear run, BOK had a M/C of circa $12-15 million.

In today's market, that would equate to 30-40 easily.

Yes the IND deal doesn't include all the projects.. (Cobar and Mt Boppy flops and Trailstone with MDI), but it does (hopefully) include the Marda prize.

With Gold only starting to run, you can really start to see the potential with a M/C or around 6 m.. (potentially 10m if $$ are raised). Lets hope DD finishes well and a good deal is struck.