agree main difference between these are WHC has geography diversification compared to NHC..NHC is keen in opening new acland once water license is granted, WHC management has a wait and watch approach to already approved mines before developing them. I think this is mainly because NHC new mine isn’t affected by royalty hikes and WHC management is aware of NSW election and potential royalty changes. Not starting development of approved mine gives them something to bargain with if new government decides to hike royalty.
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agree main difference between these are WHC has geography...
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