We can all dream,being honest they bought both of their existing...

We can all dream,being honest they bought both of their existing gold holding tenements cheap as they were too low a return for the big boys.
It is AWJ's innovative deal making that is showing money.
What does AWJ do next is more the question I want an answer to?
Happy to see them carry on as it is with no new tenements until there is CASH worth talking about in the bank.

That will easily double market Cap,so will going it alone on their next pit.
IMHO - Unfortunately there is a natural perception that they will mine MUNDA as they have done Jeffries find with a partner,parting with profits on half the gold to limit downside risk.

I also think there are plenty of stranded sites just too small to bother with for larger companies i.e. $10m tops pit return and lower grade ( indicating 1.5g/ton or so )
So AWJ with cash can play this game until the gold price crashes and then just go to sleep for little holding costs if need be.

Bigger boys with infrastructure and employees can't do that.

DYOR + DYODD who's more risky to shareholders with pro-rata Capitalisation - a big company with $200m cash and a marginal mill,mining contracts and staff or AWJ in a downturn with $20m cash and next to no employees