value buying with achievable growth, page-7

As you say pickings even from the tail end of a cluster is still a profitable situation for BSM,as proven by fossey although fossey east with the down dip could still yet add another year or 2 of mine life.

Thats the beauty of BSM it can generate surplus cash flow from uneconomic (if it had to start from scratch)ore bodies.It has a handfull of small resources to work with.
But if the elephant appears the mill can handle it...what a situation!

Even the tailings dismissed untill recently would generate tens of millions pa in profit,with a mine life of 10years plus with Mt charter incuded.

All this enables Bass to look at other growth op's,the hellyer mill is just a stepping stone....at a pebble price