Its a matter of scale and overheads.
Julimar is shaping as a major miner / commodity supplier so the overheads will inevitably rise.
Running a nickel / gold explorer in Vic / NW WA is a tough gig, the overheads need to be kept as low as possible.
It also creates the opportunity for capital appreciation is you have a focussed explorer rather than CH being a small part of a much larger organisation.
All JIMO.
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