There will be one winner, but in the end, its still an exploration play. I haven't seen an exploration play get overbought in 2014 and 2015. The only crazy time for an exploration to get overbought was BG Group and Arrow Energy's tussle over Pure Energy back in 2009.
No point making assumptions with no backing geologically? Self-claims of "They will" isn't a good argument to convince to other investors that EVN will.
But the real fact is that your have the Super-Pit, Telfer, Barrick PNG with PXG on the sale blocks, so bidders will see what asset is more important to grow their company. I also believe RRL and SLR are cheap enough to be preys of M&A as well.
Time will tell.
Rich out!
Coal & Petroleum Geoloigst.
PXG Price at posting:
11.0¢ Sentiment: None Disclosure: Held
