Need to keep in mind that a bust on spas is far from game over for GTE.
IF for any reason the spas JV falls over, the gold may still go ahead along with potential for other JVs based on Kaz data available to GTE and then there is the Aus assets.
Market would obviously not like any bad news initially but I wouldn't see any short term drops as permanent when other assets are given the spotlight.
Need to keep in mind that a bust on spas is far from game over...
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