Thanks EL...interesting and insightful comments. Agree on all...

Thanks EL...interesting and insightful comments. Agree on all counts re JBM production outlook.

Interesting that at current pon, JBM is spending, what (?), circa $40mpa on exploration. That's a very high level, and could be wound back if the market in the commodity eases. As you say, they would be able to maintain excellent profitability at lower levels because of their incredible grades. I cannot help but wonder what remains in the ground to be discovered!

regards
DF