What they should do is .... do nothing ... ever mining boom sees cashed up juniors with ambitious CEO’s cash drunk, running around buying everything and then the market drops, they have overpaid and can’t afford any of it. ( going back a few years ago Atlas Iron spent something like $900m cash and failed to survive some years later )
They should just concentrate on pumping as much ore thru whilst the price and margins last imo.... as it doesn’t always last.
That famous miners saying,
“Just give me one more mining boom, I promise this time I wont waste it all”
Ann: June Quarter Activities Report and Appendix 5B, page-62
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