Ann: Lodgement of Bidders Statement by WGR , page-6

buddha,

Seems to me WGR need AAG not the other way around considering second point below. Let's see what the board has to say in their response. We've got the cash and the more advanced project so WGR can take a hike on current valution IMO.

Courtesy of boxhillnorth on the WGR thread:

"A couple of points I took away from last nights presentation;

* - aim to be 200k oz p.a. producer in 5 years from murchison / rover combined
* - AAG projects are considered more advanced
* - AAG has totally different assets than when floated by WGR
* - 1000 metre drill holes at Rover 1 cost $200k so logical they will try to develop in next 12 months rather than drill the heck out of it.
* - explorer 142 has twice the magnetics of Rover 1. They have copper so far and finding a gold pod would be a rerate point
* - Rover 1 projected to produce 60k ozs p.a. but confident can beat this. Rover 1 might produce revenue of $4k per vertical metre when $1k to $1.5k would still be profitable.
* - devlopment plan (ie Rover or Murchison or open pit/toll at Murchison) to be decided after takeover is resolved

Overall another positive presentation. To me the entry points are during the current AAG takeover or when they raise capital mid year~ for the mill and mine development."