Yeah - for the BHP guys it would have been a no-brainer to spend money on integration of all of the ex-OZL South Australian mines and exploration ground available vs the large low-grade and sub-economic thing that HAV has been trying to get off the ground.
in the time that HAV have been dicking around at Kalkaroo going nowhere, the guys at OZL found drilled and mined Prominent Hill, and then found drilled and started mining at Carapateena and got taken over by BHP. Thats the difference between good and ordinary orebodies and good and ordinary management.
Although Eloise is no Prominent Hill or Carrapateena yet it does have decent grade and upside, and now with A1M running it - seems to have pretty decent management too.
A1M Price at posting:
34.5¢ Sentiment: Buy Disclosure: Held
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