yeah sorry, meant to add they only own 51%.
and they do have some interesting Ni projects and so forth.
from a quick look at the chart, the price appreciation has only really come since production bagan. so it's probably fair to say that the cairns hill project is the main driver for price at this point.
what if we said...
170mill m/c less say 50mill for other investments = 120 for 51% of a 1.7mt project.
makes IFE look crazy cheap
perspective, page-53
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