Ann: Replacement Bidder's Statement, page-284

https://www.theaustralian.com.au/bu...s/news-story/df6d45f3427e234c46386c6d528a4a37

This is quite interesting. All the majors after deferring any major investment for the last half a decade have now all decided they need to invest billions at the same time to replace soon to be depleted mines.

Either substantial incentives need to be provided to get these investments happening, which could result in capex blowouts and reduced return on investment or capex may need to be staggered , which may result in reduced output for a period of time.

The capex required to get some of Atlas' stranded DSO assets off the ground are low.

I wonder if this is also on the list FMG is currently taking into account before deciding its next move with AGO.