Ann: Underground Phase of Cannon Gold Mine to Proceed, page-13

You know you're right about one thing......... beggars can't be choosie. I mean we have no proof that there is more than 22k oz on offer, so for us to go it alone makes no sense. WGX announced that the ore body plunges north into George's Reward..... only they know at this stage. As for the infrastructure we paid for....... how else do you suppose we were to extract those Oz's? I don't believe that the open pit would have been as profitable without George's Reward. You can't have it both ways when you don't have a big enough resource.
It's a reasonable deal for us given our circumstances.
FWIW the tight share structure will carry some serious upside for shareholders if SAU discover something significant IMHO

Now............. the "engine room" is taken care of........ it's time to start drilling..........
Good luck to all of us