Thanks Guys,I didn't realise McPhillamy's may run into strong...

Thanks Guys,

I didn't realise McPhillamy's may run into strong NIMBYism but I guess NSW is very different to WA.

I noted in the recent presentation that RRL has highlighted (via bullet point) acquisition sourced growth, potentially international. With the Aussie miners grabbing lots of North American assets they may be looking to buy something relatively cheap (vs. Aussie) over there but they will not have the pick-of-the-lot now that several have been acquired.

I guess another risk the market is worried about is the move from OP to UG at their existing operations. Different skill sets required and investors have been burnt with a number of recent developers, so possibly a bit gun shy of operational risk.

I am sure that we are all aware of the possible issues confronting RSG. They have signalled that Ravenswood may be sold / spun off. I would think that this is the type of mining operation that RRL would be interested in - large scale, bulk mining open pit with lower grades.

When I look at EVN and see their PE relative to their LOM's and the fact that they are guiding for flat production for the next 3 years I do scratch my head re relative valuations. (BTW I have heard that EVN are sniffing around North America looking for possible acquisitions).

Cheers
John