Yeah for sure. Its very cheap on relaitive terms. The benefits of lower strip after the South Walker Creek diversion program should be appearing on the balance sheet over the next 12-18 months. I calculated a saving of a$15/t in costs for the group. That feeds directly to the bottom line.
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Also, another ignition event at Kestrel has gotta put cold water on the sale price there. Which ever way one looks at it, this creates more cash for dividend distribution in stanmore as the opportunity for growth through M&A is almost gone in Australia.
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Can't go to wrong with Stanmore at this point. I'm loving my holdings.
SMR Price at posting:
$2.99 Sentiment: Buy Disclosure: Held
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