Agree with all your comments except the ‘need’ to spend the few hundred million in capex, yes as a stand-alone operator you would have to but don’t forget there are many operators who are already in production nearby who have already spent the necessary capex. I’ve always maintained this will get bought out by the neighbours. This is a bolt on acquisition, where you buy oracle for the deposit without the need to spend a lot in capex. Cheers, CP.
Agree with all your comments except the ‘need’ to spend the few...
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