I think Challenger Project could get acquired by Tyranna soon .We will have news about the WPG receivership process this month . The administrators must convene a meeting with creditors by February 28, 2019 when a decision is made on the asset sale process.
Tyranna has registered expressions of interest.
In my opinion ,The Challenger mill is a strategic asset servicig the area (we have these explorers around Tyranna:MEU, AON, HAV, WCC, UXA, RNU, EVR ).
We will increase our resources.Challenger Project has a JORC - 365 koz @6.99 g/t (Tyranna has [email protected]/t ),we all know how expensive it is to increase the resources in these days.
We get also a producing mine and a processing plant(The capacity of mill is 80koz pa!)
If they acquired this project and if they can prove that can be cashflow positive as soon as possible ,then will be a huge potential for share price in the coming years.
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