"Significant high grade mineralisation..." Tyson Proactive Investors, page-33

Happy Christmas great New Year to come,

Hi Peelers, 

At the AGM Rob was saying I’s and T’s needed to be crossed, so dependent upon the nature of their deal it may be for any number of reasons, a bit more complex than generally anticipated. Wish I knew but hey. 

If we sold our half then we’d have to ask what is half of what we know we have worth, and thereafter what formula is used best if Mallee Bull were to extend to say 1,800 metres below surface or even deeper ?.

Imagine rich ore more than double or triple current depth, based on best educated estimates!

As Cobar pipes go it could continue much richer at depth so a deal must be created fairly day one. 

No joy in guessing what and how the parties will agree, at least we’ve a great asset to develop reasonably soon, all being equal. I felt the general vibe was more about the mining than just selling but that’s yet to be appreciated. 

Best to investors, for a very productive 2019. 

Sarg