Morning all.
@Spekul8
I agree, their capital management is admirable but it would be really nice to see them keep one project and take it through to development.
They don't get the real value of a project when it is a minority in a JV with a major.
I also hope that if the goods are there at West Arunta, that this be the project they keep all to themselves.
When I look at the gravity surveys of other discoveries, That new one just to the nth of Luni, really looks mouth watering.
Take a look at LGM and how they bought in a major.
Keeping it to themselves would have seen that go gang busters. It didn't.
If these guys were to JV another discovery, I will sell on discovery as I think the price would come back to earth with a thud.
This is not a put down to the way they are maintaining safety with capital and risk but that we miss the full reward part.
Kind regards, Wack
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