To sell or not to sell, that is the question, page-24

In a fast rising gold price, ALL potential assets that are persuaded from selling will attract a premium. Hence BB took the contrarian view to purchase in a 'buyer's market' when tier 1 asses could be bought for a song! Currently the last thing any new kids on the block can do is follow their fallen peers and replace grade with throughput. BB's statement on business model then mining is clear that he thinks GRADE is king like the bad times so clearly punish the complacent decisions previous.

No idea how he can achieve a target of 1M oz through organic ramp up but through his past decision I anticipate a prudent wait for the next opportunity. Perhaps a TO of a minnow with great mining potential without the capability of technical/funding in similar fashion to DRM purchase of Mutiny? I clearly do not assume like Colin Barnett with his IOP extrapolation and gold is no different! When future pricing is at stake ANYTHING is possible as the fallen angels have the privilege of discovering in their complacency.

However, his historical performance is what the market deem any pullback is a value entry. The 5, 6,7 and whatever handle that maybe.