spot on. Brownfield expansion less risky generally, and...

spot on. Brownfield expansion less risky generally, and scaleable operations offer profitability plus options. Smart resource development and lean operation, good commodity mix and stable country (largely unaffected by COVID too). Astute management who have purchased some assets at bargain basement prices. What’s not to like?

Today I found this on Linkedin. I thought its quite revealing comparison of the Hillside with other Australian IOCG type deposits. They generally seem to start with a fairly deep pit 500m+? and then transition to underground which seems to be extend very deep and generating cash decades after the pit has made the money.