Consolidation needed, page-17

admittedly I’m jumping to conclusions here, but I’m talking more along the lines of how business is done in that part of the world. Having lived in indo for a substantial amount of time, I’ve seen mines swap hands from majors like Newmont to local Indonesian mining companies after the government threatens to increase taxes etc. There’s corruption at every corner. Nepotism. You name it. A very different way to do business than in Aussie.
(I am well aware East Timor is an independent country - hence the jumping to conclusions assuming the old Indo ways still linger).

I’m not really sure why you think with a million ounces at 1.3g/t we’d still be below 4.2c. Life of mine is obviously an issue here, with reserves of a million ounces that would address that issue. 1.3g/t is considered high grade these days as well.