The farce is def GMD. It has an EV 3 times that of RMS, and whilst the merged RMS/SPR entity be a >500oz producer sometime circa 2029, and all that we get shoved down our throats by analysts is the GMD pathway to greatness at 400 oz in 3 years.
As for VAU, I said it all along. The hedge book would be drag until all but eradicated.
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