meerkat,good point, only those close to jorc will actually get...

meerkat,

good point, only those close to jorc will actually get the projects to production if all other tick boxes are good.

The difference is that RIO established the jorc.

Other newcomers, who just have big paddocks, some have some decent drills, but to each, several years or more behind the established resource players.

That's why BHP didn't go and start drilling.

Why start poking around, when if they know it will take a year, two? to actaually zone in on a high grade economic resource, and then to jorc, and another year or two, and then to bring on line.

Better to buy out an established resource player, and put their muscle into getting to production quickly.

Players looking in big paddocks will struggle with the end game.

Other players with jorc on the emmediate 12m horizon will benefit from the mak rally, but then need to get the rest of their boxes ticked.

IMO, these specs will run on the success of MAK, and the dreamers will fade, or need to rely apon alternative projects.

Wouldn't suprise me if BHP or RIO stepped up to make MAK an offer.

cheers