Yeh, they have as much ore as SDL and are well further advanced. SDL dont even have a JORC. They guys have a JORC and are about to upgrade it.
CAPEX and slurry will be expensive, but still below SDL's billions.
And GBG offered to buy out SDL for $1.5bn.
By that comparison, BHP/RIO, FE prices and Coaking Coal, A$1bn+ wouldnt be expensive.
undervalued, page-25
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