I reckon our 3rd hub has got to be a high-quality, long-life, high-margin producing asset, with regional consolidation potential and most likely in WA. Not something that's been on C&M and lacking reserves or mine life; need to see proven track record, not an assset where RMS has to use their superior operating skills to turn it around (often acquirers are overconfident of their ability to do that).
The best assets that RMS could successfully acquire would be RED (Note I hold), and Carosue Dam (if NST will sell it).
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I reckon our 3rd hub has got to be a high-quality, long-life,...
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Change
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