Spot on. That’s why we haven’t seen them waste cash on scoping or feasibility studies. They’ll invest the cash into holes in the ground and add ounces for low cost. Then there’ll be a change of control. Then we get an exit. Tried and tested method of getting max value for SH without the cost and risk of developing a mine.
Ann: Bonanza intersection of 1,020g/t gold outside Resource, page-20
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