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Full development sounds good for any junior, but they have to...

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hudathunkit

877 Posts.

171

08/06/23

13:45

Post #: 68196438
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Originally posted by Wack: ↑

Morning all.
@Spekul8
I agree, their capital management is admirable but it would be really nice to see them keep one project and take it through to development.
They don't get the real value of a project when it is a minority in a JV with a major.
I also hope that if the goods are there at West Arunta, that this be the project they keep all to themselves.
When I look at the gravity surveys of other discoveries, That new one just to the nth of Luni, really looks mouth watering.
Take a look at LGM and how they bought in a major.
Keeping it to themselves would have seen that go gang busters. It didn't.

If these guys were to JV another discovery, I will sell on discovery as I think the price would come back to earth with a thud.

This is not a put down to the way they are maintaining safety with capital and risk but that we miss the full reward part.

Kind regards, Wack

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Full development sounds good for any junior, but they have to maintain a relationship with the likes of BHP, IGO, S32.

If they identified a real winner and hogged it, they might have trouble establishing support for their next project.

ENR Price at posting: 31.0¢ Sentiment: None Disclosure: Not Held
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