These guys will either get taken over themselves in the next 12 months or will absorb some smaller fish with resources but no money operating in their area.
Both their attractiveness as a takeover target and their ability to takeover smaller fry is enhanced by the small debt that they will have. Unless they do takeover something and/or increase thee mill size and mining fleet to 3/4 million tpa ore, they could pay off their debt by end 2009 or so.
angus
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These guys will either get taken over themselves in the next 12...
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