The top 3 players with market caps of like $100 - $115m are potentially at their medium term limits now in terms of valuation. Based on what happened to DNK though you could expect their markets cap to double on completion of a DFS but all of them are a long way off that so they may rest here for a while. So the ongoing money flowing into Australia sop might start to look for value elsewhere in the sector #justsaying
Ann: Quarterly Activities Report, page-19
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