Ann: September 2023 Quarterly Activities Report, page-30

No offence to the MoM boys but I wouldn't rely on anything I hear on any podcast.
It's not reality until I see it with my own eyes and the provable reality is very different to the prevailing sentiment.

@speculator101 thanks for replying mate.
I understand there is no operational synergy, the synergy exists because each one has something the other doesn't.
Red has large scale asset with long mine life but temporarily ladened with debt and a crappy hedge book.
SLR has shorter life, smaller scale assets but is rich in assets with current hard asset position sitting at around $590,000,000 (including stockpiles).
Join the two and you have a company with zero debt producing 1k FCF margin per ounce produced.
400,000 oz produced * $1,000 = 400 million FCF per annum
That would be a 4-billion-dollar company every day of the week.