Agree with much of your assessment. My comment would be that there is also value in purchasing a significant off shore asset to provide some alternate currency options. I think there are a few options they may have considered in OZ but due to the size of the Atlantic purchase I think they have cornered themselves for the next few years. Any acquisitions will be in the micro company sector that all have long lead times and high risk to get to any significant levels of production.
SBM-Atlantic Gold Acquisition Analysis, page-17
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