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Crunch time for Castille

TODAY is D-day for the plan to demerge Castile Resources, which is hoping to leave the Westgold Resources nest, with the float expected to find out how much above the underwritten A$11 million it has to spend on its flagship Rover 1 and greenfields Warumpi projects in Northern Territory.

Haydn Black
Rover was one of 2008's best discoveries.

Rover was one of 2008's best discoveries.

The float was underwritten by Canaccord Genuity, and sub-underwritten by Metal X and Westgold boss Peter Cook to the tune of $5 million.   But if it raised the full $20 million sought it can do a lot...

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