Ann: SLR: Silver Lake Acquires Red 5 Shares, page-134

"Gwalia as a standalone has failed repeatedly - SBM last reported AISC was close to A$2600 .... not going to cut the mustard."

Before making assumptions for future scenarios , probably need to do a deep dive into why "Gwalia as a standalone has failed repeatedly " going by management at SBM maybe SBM were just not the greatest at keeping AISC down for a variety of reasons as the ground is some of the best in Australia ?