This is possible speculator out in the bush land between somewhere and somehow.
How many of those are sandwiched between two huge production zones less than 70km from 3 running mills? Plus how many of them have a huge web of infrastructure covering them, with a large modelled deposit less than 500m from a major local access road?
Location, Location, Location.
That's why my rent in North Perth is 3 times that of my rent in Kalgoorlie, coffee shops and yoga classes don't come cheap!
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