The size of the resource being developed is quickly becoming large enough (and in best-in-class Oz) that it will move the needle of the BIG producers. Step aside tier 2 producers, your pockets aren't deep enough to bid -- early as H2 2021?
With each redefinition of the size -- Drill-drill-drill -- the t/o price will climb, good for holders, more expensive for the biggest boys.
OV
PS I still like the GOR (yes, I own it since EKM) model. They JV'd their initial big discovery: 50% ownership + build the mine (by Gold Fields) + $$$(?) = all the rest of the region to drill (for free, sort of) from money generated by their 50% interest. DEG has many similarities to the GOR of a few years ago.No "hmmmm," just saying this model has worked before, but each circumstance is diffferent.
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