Ann: Sunshine to Acquire High-Grade Epithermal Gold Project, page-5

Agree. And that is the real beauty of SHN. WA type optionality to existing infrastructure without the WA type premium. Large fertile land packages with proven production history. Lots of opportunity to cherry pick deals like this as time progresses. If this was sitting anywhere in WA it would by multiples higher already. It's just crying out for district scale reorganisation in that precinct. As the market slowly realises that this is the beginning of a precious metals rerate, not an false dawn, valuation will change in models. From this level of market cap it is compelling. A wonder if a consolidation might also be on the books for some time this year.