You only have to look what happened when Lihar took over the CGT mine about 5 years back to see de ja vu with Lion possibly ending up doing what Lihar did.
THe larger operators are bulk miners and you can not do that with narrow seam mines unless you accept massive dilution as you chase the vein with a 2.4 metre wide single boom , Perilya suffered the same fate at Daisy Milano
Completely different mindset needed the only mid caps that have that expertise in Oz are ex WMC execs and a few from Barminco.
WOuld think NG is better steering clear of Lion there are better suiters who know how to scalpal mine rather than butcher.
(Unless Lion have accepted a paradigm change)
- Forums
- ASX - By Stock
- MCO
- confidence in morning star gold
confidence in morning star gold, page-84
-
- There are more pages in this discussion • 8 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add MCO (ASX) to my watchlist
Currently unlisted public company.
The Watchlist
FHE
FRONTIER ENERGY LIMITED
Adam Kiley, CEO
Adam Kiley
CEO
Previous Video
Next Video
SPONSORED BY The Market Online