Mine planned for Tandarra JV?

Have read the SH presentation released today by Catalyst.
Pages 28 and 30 make interesting reading, it looks like CYL are planning to mine the Tandarra JV gnd. Theres even a conceptual mine plan on P28. Pretty funny when you think what CYL have for MV yet their most commercial (read shallow) land is 49% owned by NML. I've maintained for a long time that the JV gnd is worth more than the current NML MV. We get the cash and Ararat prospects etc for free.

http://www.asx.com.au/asxpdf/20161116/pdf/43cy9jz6wmcqhx.pdf