No point Argyle winning the mine if POZ has control of a large portion of the resource. If Argyle are awarded Ellendale, that would still be a great outcome for POZ holders - Argyle would want those leases, assuming that they are well endowed with resource. Arguably, it's better for holders if indeed another company did win the project, then they can foot the bill/risk and give POZ a large cash sum for the surrounding area.
The one key point is that POZ needs to prove up the ground.
It's unclear to me whether this issue from Sep 4 is resolved, did not see it mentioned in the annual
"The permitting process to facilitate these operations is close to completion with the final amendments to the Mining Proposal currently underway and a Project Management Plan being compiled. This high level permitting would also allow for full mining to take place should economic grades be encountered."
No point Argyle winning the mine if POZ has control of a large...
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