I think the company strategy is to spend large up front to increase its scale by multiples, rather than spend small amounts to maintain the status quo with mere increases in Mineral Resources and corresponding Ore Reserves.
My view is that the company's long term ambitions are preferable to aiming to cruise along, and while many sellers appear to disagree with me, I believe that the options available to the company will provide great upset in the not too distant future.
Short term gains can be made when the market wakes up to the value of the company's chosen trajectory - and the recent NUGGET HYPE move by the company will probably help
