only issue I have is that they have over the years spent huge amounts on exploration and continue to do so, need to find the mother lode soon to justify ongoing exploration costs
maybe consider acquisition plus continue to explore
with the Eliwana mine the issue of low grade ore is being fixed and will deliver better realised price for this grade/blend
however big concern has always been that they are a pure play IO producer and that’s why their sp has been volatile over the years, I speak with experience as I had many painful margin calls to meet to get to this point
my opinion only
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