Just go through the list of Kambalda juniors-MCR,IGO,VRE,AUZ-all are in profitable productionon historic properties held by WMR ,with WMR retaining the concentrate /smelting rights for which they receive suitable recompense,(plus avoid environmental/safety/shutting down costs , which was a significant driver in their decision to sell in the first place).
Want more-try KZL with the deposits they bought of RIO and Homestake/Barrack,
- the PEM acquisition of Broken Hill from PAS,
-the AGC acquisition of Wiluna from Newmont,
-the Cooper Basin plays by BPT/STU/COE/GOG/INP/VPE et all from historic retained ground from Santos which the later was forced to relinquish for lack of exploration effort.
There are plenty of precedents for majors selling/relinquishing to juniors.
Cheers, TAS
SMY
sally malay mining limited
