Originally posted by wassa
Mel has previously mentioned any interest in another mine would require copper, gold, as a by product to act as a hedge, to flatten the income curve rather than the volatility of mining a single ore deposit.
These guys have shown discipline in their approach and RVR would only pursue another mining venture if it was a very opportunistic purchase, at a fire sale price imo. Unlike other companies I don't think you will see Mel and Donald Garner buying at the top of the cycle. As operators they are far too astute for that.
Yes that means the next potential acquisition has to be another VMS polymetallic deposit. I don't think there is a producer of that style of mineralisation geographically close by. But there are exploration projects of the sort in SE Queensland. Woodlawn might be a potential target if something happens...
