Well put Nose. Greed is not Good. Cost have gone up ~50% under...

Well put Nose. Greed is not Good.

Cost have gone up ~50% under NSMS. Their predecessor Barminco were, as I understand, on a fixed price...so the production cost would have held and the shareholders would have made more $$. No additional costs as they go deeper as the depth and mine plan would have been part of the Barminco tendering process. Remember NSMS never competitively tendered the works...they just stepped in. The contracting works should be tendered in the open market. NSMS could be a bidder, and they will easily find 3 others. All parties to the EKJV should then collectively appoint the contractor that offers 'best value'. A totally transparent process - with no more oppressive tactics toward the minor partners (if you call 49% minor).

It would be naive to think BBB would not want 100% of the EKJV and would not play games to get it. The question will be what side of the propriety line is being walked?

Further, I am very keen to understand if there has been a request for an independent safety audit. With fractured relationships between AB and BBB this would be a must! They need to announce to the market what they are doing to expedite any remedial works (if any are required at all).