Shaun Day, managing director of Greatland Gold PLC (AIM:GGP, OTC:GRLGF), has described as the "best possible" outcome the retention of a 30% stake in its Havieron joint venture with gold giant Newcrest.
Its partner has elected not to exercise an option to pay US$60mln to acquire a further 5% in the Western Australia mine development, which, sitting on 6.5mln ounces of gold equivalent, is one of the most exciting projects of its kind in the world.