It’s very clear from DR and observing valuations that multi-mine companies trade at a premium to single mine companies. As Dave says, 1 + 1 = 3. My guess is they will tie in with another producer once they are in production. CMM and Novo are on my list as a consolidation play in the Pilbara. I also wouldn’t be suprised if a left field offer from a Chinese company comes.
Ann: Calidus on track to be Australia's next gold producer, page-80
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