yes, but even with hedging the profit margin will be at least $300 / Oz, so who cares if the cost of exploration is $10 or $30 as long as they find more Oz............this area has yielded over 40 mil Oz so far and ADU have a huge chunk of it. look at NEM pouring in billions to set up their new mine locally.
a good hold long term l reckon
open briefing, page-3
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