questions and comments from the "expert" repor, page-20

Caver,

the reality is Barrick want out of aussie.
They Use the words "site sustaining capital expenditures" when referring to GSM(have to spend to keep it operational) and that included the FML upgrade to the plant.
Barrick is foreign,so now Shandong gets FML and FML Laverton are the only people that can make the largest one of three Barrick operations run at at profit(Granny Smith)
So they have the inside running,because FML can always refuse to mill at Barrick and do-up their own mill with Shandongs money,pushing Barrick into redundancies,site rehab and decommissioning costs.No FIRB delays with FML,moving to 49% available on Aus share market thru FML versus 100% foreign owned.

Won't cost a billion.$225m i.e. a quarter down with a chinese bank that you control says OK here's the money.Production Currently 300-350koz,including FML's 100koz contribution via Laverton.

Put FML site management and processing skills across those sites as already claimed +4% yield from GSM at the other two and money for jam.they are far higher grade ore as well.

It's not a case of the RA-RA BRIGADE,it's a case of an Old Dinosaur moving on leaving a meaner leaner operator to make a margin innovatively where those selling can't from a site with an over sized plant and when they have not enough higher grade ore to run it profitably.

For comparison RDR bought 3MT plant,barely used for $28m with 1100km of tenements.

Barricks building a 1.5moz per yr plant and $0 cost/oz due to 23moz silver credits resource good for at least 20yrs.It wants its money there and not here,or Africa.

DYOR + DYODD That is the near 500koz immediate potential,plus milling higher grade Laverton ore 2g/ton,rather than less than 1g/ton remnants at GSM.