Ann: Lowlands Results Point to Open Pit Potential, page-29

Couple of possibles.
Drill results will continue to add ounces regardless as did the recent lowlands hits.
Ear announcers the BFS and it’s all go. This might mean NST may bid. Why?
They can fund the refurb of the plant themselves, they don’t need debt or an equity raising.
They buy it and keep drilling while refurbing the plant and upscale production to 200,000 Oz pa. EAR already has the best part of 1m Oz reserve now with nearly twice that in total probable resource. They would easily get all their money back plus a large profit for 5 years at that rate. They secure all the ground and just keep drilling.
If NST decide to, it will be bought forward by the drill bit. That means things like Julius, underground or a new discovery. They would bid for the entire company then imo. Knock out bid.
They are waiting to see what turns up. It can all change with drilling. There would be a tipping point and I think it needs more ounces first. I also think that tipping point might turn up this year. Gold is still near A$1750 with the drop in the dollar.