The Future, page-18

If the merger goes ahead, the SP will be re-rated, probably higher. If mining is ok'd to start the SP will be re-rated, probably higher. The next 2 to 5 months will tell the story. The V is the wild card, I think AXF is "playing the long game" with us, although the SP is so low you would think that they would be increasing their stake now, if they wanted the lot. Maybe they are not interested in gold at all and are happy with their 75% V. The only obvious thing that could hold up a gold mining resumption is the milling aspect. The company either has to get access to or build their own mill.