Hey Joel, I am sure there is some witty saying in regards to assumptions, suffice to say, after doing a little digging... EVN is most definitely a candidate. I had not really done any reading on the Mungari plant (and EVNs later acquisition of nearby U/G assets). Not at all dissimilar to what they could do with Dalgaranga (though I really do feel that WGX would have more synergies earlier on, due to having U/G assets already in production). EVN clearly want critical mass of ounces before going to the next step with MGV (which is not assured, as their J/V drilling has been... fairly lacklustre IMO).
EVNs rationale above for the acquisition of the NST assets. Not big enough for NST, but.. the right fit for EVN.
Markets are indeed grumpy. Though... still nothing compared to the sourness of the precious metals sector!
Ann: Intercepts Highlight Potential to Double Never Never Extent, page-43
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