confidence in morning star gold, page-84

You only have to look what happened when Lihar took over the CGT mine about 5 years back to see de ja vu with Lion possibly ending up doing what Lihar did.
THe larger operators are bulk miners and you can not do that with narrow seam mines unless you accept massive dilution as you chase the vein with a 2.4 metre wide single boom , Perilya suffered the same fate at Daisy Milano
Completely different mindset needed the only mid caps that have that expertise in Oz are ex WMC execs and a few from Barminco.
WOuld think NG is better steering clear of Lion there are better suiters who know how to scalpal mine rather than butcher.
(Unless Lion have accepted a paradigm change)