Spartan Resources, page-252

Appreciate the differing opinion plough.
I am very much of an opposite view.
The MD of Westgold clearly articulated that their original move on GCY (SPR), was because they could send their Big Bell ore to Dalgaraga.
This still makes sense to me, because... the CUE area alone potentially will produce 1.9mtpa+ (with Big Bell, Big Bell Deeps, Fender and Great Fingall, let alone potentially Cuddingwarra and Caustons in the future). The Dalgaranga plant is well within 100kms of the WGX operations. As the crow flies, Big Bell is less than 40kms.



As for RMS. They just added 930k ounces at MGV, just below CUE, which... could easily be sent to Dalgaranga. The recent mining study MGV did, if their ore was trucked to Dalgaranga and mixed with Never Never ore, could... produce upwards of 150k p.a or more. Trucking the ore 40k to Mt Magnet, or 80km to Dalgaranga is not a large difference in costs, especially since the Dalgaranga Plant is far cheaper to run than RMS Mt Magnet plant.



Then you have all the operationally synergies that come with have 2 plants, more operating mines etc.

I would argue that RMS has gained an advantage of sorts by securing MGVs assets. Funnily enough, both the Checkers plant, and the Tuckabianna plants have large amounts of low grade stockpiles that they want to monetize, but cannot...

All that being said, your final point could easily prove the more prescient one, as quality assets are rare, and... perhaps there are bigger fish eyeing off SPR than just RMS and WGX.